Connect with us

Popular World News

Four euro zone banks pass ECB stress test exercise By Reuters

Ireland extends main COVID-19 supports for firms, tapers others By Reuters


Four euro zone banks pass ECB stress test exercise By Reuters

© Reuters. FILE PHOTO: The headquarters of the European Central Bank (ECB) are pictured in Frankfurt, Germany, July 8, 2020. REUTERS/Ralph Orlowski/File Photo

FRANKFURT (Reuters) – Four euro zone banks that recently fell under the European Central Bank’s supervision passed a stress test exercise, which uncovered no capital shortfalls, the ECB said on Friday.
The banks – Italy’s Cassa Centrale Banca and Iccrea Banca S.p.A , Estonia’s Luminor Bank AS and Lithuania’s Šiaulių bankas – have all been classified as significant institutions with their supervision passing to the ECB from local authorities. “The comprehensive assessment shows that none of the four banks face any capital shortfalls, as they did not fall below the relevant thresholds used in the asset quality review and the stress test,” the ECB said in a statement.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Continue Reading
You may also like...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


To Top
error: Content is protected !!