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European Bank Capital Results Overtaken by Tougher Global Rules

The Europe Union’s top bank regulator will release figures today detailing how lenders met a 114.7 billion-euro ($148.5 billion) capital target, as the bloc is criticized for failing to properly implement tougher global standards.

European banks boosted their capital reserves by 94.4 billion euros by a June deadline, the European Banking Authority has said in July. The increase is part of a plan to boost investor confidence in the bloc’s financial system and protect lenders from the decline in value of sovereign bonds.