Jul
24
Daily Video Recap (7/23): Stress Tests Releases, But Were They Stringent Enough?
ByThe day’s big event was the release of Euro-zone bank stress tests, which were set out to gauge whether Europe’s banking sector has sufficient capital, if the economy suffered another more severe shocks than the financial crisis. The results showed 7 banks needed more capital, but questions remain about if the criteria used was too lenient.
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Market Analyst: Nick Nasad