Draghi Throwing Light on Banks Spurs Fundraising Flurry
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Mario Draghi’s plan to shine a light on the balance sheets of euro-area banks is forcing lenders that are short of capital out of the shadows.
Draghi, the European Central Bank president, said in Davos, Switzerland last week that his officials won’t hesitate to fail banks in this year’s stress tests and encouraged lenders that need funds to go ahead and raise them.