European Banking Authority
European banks on trackPosted by RJ and Makay on Feb 10, 2012 |
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European regulators will inform European banks in early March as to whether they support the banks’ plans to build up their balance sheets, officials said. Excluding Greek institutions, so far their plans are on track. Europe’s financial institutions need to raise a combined 115 billion euros by June to raise their core Tier 1 ratios to 9%.
European banks on notice to fix capital shortfallsPosted by RJ and Makay on Dec 08, 2011 |
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European banks must raise a total of 114.7 billion euros ($153.8 billion) in new capital by June 2012, the European Banking Authority (EBA) said today. The capital is necessary to make the banks strong enough to withstand the eurozone debt crisis and restore investor confidence. The cumulative amount needed is greater than the preliminary E106 billion EBA estimate for 71 banks issued in late October.
Jay Leno (American TV Host and Comedian, b.1950)
