Article Tools

Banks-Stress Test - Friday evening moment of truth

Published: July 21, 2010; 00:00 · (Vindobona)

At 6pm the Association of European Banking Regulators publish the result of the test of 91 European financial institutions. In Austria, Erste Bank, RZB and Bank Austria will be tested.

Banks-Stress Test - Friday evening moment of truth / Picture: © Flickr

On Friday evening there will be a clearer picture of the crisis resistance of European banks.
Three crisis scenarios will be tested: An economic decline of three percent, rising unemployment and a decline in the value of government bonds. In Spain, 27 banks are under scrutiny, in Germany 14, Greece 6, and in 5 in Italy. Failure means that the core capital of an institution falls…

This article includes a total of 274 words.

or Log In

Fast News Search