European Banks Must Bolster Capital After Stress Tests, ECB Official Erkki Liikanen Says

(Reuters) - Banks that barely passed the European financial stress tests must swiftly reinforce their capital, ECB Governing Council member Erkki Liikanen told Finnish public broadcaster YLE on Saturday.

See Full Article

Source: The Huffington Post

Marshall Auerback: The European Monetary Union is the Titanic
By Marshall Auerback, a portfolio strategist and hedge fund manager. Cross posted from New Deal 2.0 The Iceberg Cometh: An economic and financial crisis will soon be brought about by the collapse of...
Eight banks fail the European Banking Authority Stress Tests
Eight banks fail the European Banking Authority Stress Tests
8 European banks fail stress tests
BANKING 8 fail stress tests in Europe Eight banks failed the European Union stress tests after regulators said Friday they had a combined capital shortfall of $3.5 billion, less than predicted by analysts...
Euro-zone officials OK next bailout for Greece
BRUSSELS -- European finance ministers staved off an imminent Greek default Saturday, agreeing to release a vital installment of financial aid to Athens, while delaying a deal on a second large rescue...
Strong data propels European shares to 1-mth high
* FTSEurofirst 300 index up 0.8 pct to 1-mth closing high * U.S. manufacturing data boosts European equities * Financial shares feature among top gainers LONDON, July 1 (Reuters) - European shares hit...
State official argues for more funds to keep eye on drilling
KINGSTON -- Tim Schaeffer, director of the Pennsylvania Fish and Boat Commission’s Bureau of Policy, Planning and Communications, on Tuesday said the commission’s Legislative Budget and Finance...
Jefferies Expands European Industrials Investment Banking Group
...