EU Banks Must Raise $153 Billion of Extra Capital

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Dec. 8 (Bloomberg) -- Europe's banks will need to raise 114.7 billion euros ($152.7 billion) in fresh capital as part of measures introduced in response to the euro area's sovereign-debt crisis, according to documents from the region's banking regulator obtained by Bloomberg News. Nicole Itano reports on Bloomberg Television's "Last Word." (Source: Bloomberg)

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