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Europe Daily Bulletin No. 11203

25 November 2014
ECONOMY - FINANCE - BUSINESS / (ae) banking
RBS admits it got it wrong during stress tests

Brussels, 24/11/2014 (Agence Europe) - The British Royal Bank of Scotland (RBS) admitted at the end of last week that it had miscalculated its solvency ratio during the European Banking Authority's (EBA) stress tests, whose results have now been published (EUROPE 11185).

The EBA indicated that the bank, which was 80% nationalised following the financial crisis, provided it with new data that caused its optimum Common Capital Ratio Definition (CET 1) to fall from 6.7% to 5.7% in the adverse...

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