European Union banks to raise extra capital

Source: Bloomberg
© Scanpix/AFP
According to region regulators' documentation, European banks are required to raise 114.7 bn euros ($152.7 bn) in order to adequately react to measures introduced to tackle debt-crisis. Italian banks need €15.4 billion, while German financials need €13.1 bn. In total European banks must raise around €8bn more than earlier was estimated by European Banking Authority.

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Thu, 08 Dec 2011 18:54:24 GMT

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