The Traderszone Network

Published in TZ Latest News 12 October, 2014 by The TZ Newswire Staff

European banks raise more capital before ECB stress test: report

Euro zone banks have raised 35 percent more capital ahead of the European Central Bank’s (ECB) latest stress test than they had set aside before the 2011 review, according to a report published by law firm Linklaters. The euro zone’s 130 most important banks are set to find out on Oct. 26 how they have fared in the ECB’s landmark review, which is designed to banish lingering doubts about whether lenders value assets properly and are strong enough to withstand another recession.

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