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Europe Daily Bulletin No. 11195

13 November 2014
ECONOMY - FINANCE - BUSINESS / (ae) banks
'Stress tests' - recapitalisation plans put forward

Brussels, 12/11/2014 (Agence Europe) -The eight eurozone banks which failed the health check of the European banking sector presented the ECB, which is now their single supervisor, with their recapitalisation plans earlier this week.

These financial institutions have between six and nine months to raise capital to cover the identified deficits (EUROPE 11185). For example, Italy's Monte dei Paschi di Siena has announced a capital increase of €2.5 billion to plug a gap of €2.1 billion....

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