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Results begin to leak out about the latest (likely irrelevant) EU bank stress tests. The EBA...
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Thursday, December 8, 2011, 11:18 AM ETResults begin to leak out about the latest (likely irrelevant) EU bank stress tests. The EBA concludes the continent's banks need to raise €114.7B, €8B more than the October estimate. German lenders need €13.1B, Italians €15.4B. U.K banks (the collective) apparently are not in need of fresh capital.
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Intesa Sanpaolo and Unicredit alone have more than 1 trillion euros exposure to piigs debt, with less than 100 bil capital total for the two of them.
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