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Image header Agence Europe
Europe Daily Bulletin No. 10440
GENERAL NEWS / (ae) eu/banks

Commission says banks in much better shape than a year ago

Brussels, 29/08/2011 (Agence Europe) - On Monday 29 August, the European Commission said that the 2011 bank stress tests had shown that European banks were in a much better shape this year than last. A spokesperson for EU Economic and Monetary Affairs Commissioner Olli Rehn said that European banks had considerably more capital now than a year ago, which had been shown by the third series of stress tests (carried out by the European Banking Authority in July this year). At a conference at...