Out of 91 banks the European Banking Authority found 8 banks lacking the means to avoid another financial crisis.
The Telegraph notes that 5 Spanish banks, 2 Greek Banks and 1 Austrian bank had failed.
This news, coupled with their other findings of 16 banks in the 'danger zone, is very worrying for the banking industry.
Regards,
Sam
Sources:
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8641012/European-stress-tests-Eight-banks-fail.html
http://www.bbc.co.uk/news/business-14169940
right on, followed
ReplyDeleteUh oh...
ReplyDelete5 spanish and 2 greek banks.I´m not very surprised since their economy is a bit fucked up
ReplyDelete