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Four European Banks to Fall Below 7% Core Tier 1, Goldman Says

Agricultural Bank of Greece, Banca Popolare SC, Credito Valtellinese Scarl and Banca Monte dei Paschi di Siena SpA will fall below the new Basel core Tier 1 ratio of 7 percent by 2012, analysts at Goldman Sachs Group Inc. said in a report to clients today, citing their own estimates.

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