More from Europe's banking stress tests: Aside from eight that flunked, another 16 (seven more...

|By:, SA News Editor

More from Europe's banking stress tests: Aside from eight that flunked, another 16 (seven more in Spain) "narrowly" passed (5-6% capital ratio). The tests were almost preordained for a "strict" reputation - but if the big three Irish banks (which scrambled for capital after last year's passing grades) made the grade "comfortably," just how tough were these exams? Euro now +0.09% against dollar; AIB +6.1%; IRE +17.2%.