The Traderszone Network

Published in TZ Latest News 26 October, 2014 by The TZ Newswire Staff

Europe’s bank test celebrations mask mounting challenges

Investors were spared immediate pain on Sunday after the European Central Bank’s landmark banking health check did not force massive capital hikes amongst the euro zone’s top lenders. The ECB said on Sunday the region’s 130 most important lenders were just 25 billion euros ($31.69 billion dollar) short of capital at the end of last year, based on an assessment of how accurately they had valued their assets and whether they could withstand another three years of crisis.