Testing Testing – Results

July 23rd, 2010 by Belisarius

Apparently, out of 91 European Union banks only 7 (seven!!!) have failed the test: Hypo Real Estate Holding AG, Agricultural Bank of Greece SA and five Spanish savings banks.

The test points out that the banks that failed the test have combined capital shortfall of 3.5 billion euros ($4.5 billion).

What a joke of a test…

This entry was posted on Friday, July 23rd, 2010 at 12:55 pm and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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