Monte Paschi Falls Short as EU Banks Boost Capital in Crisis

Banca Monte dei Paschi di Siena SpA and banks in Cyprus and Slovenia failed to meet European Union capital targets as lenders raised more than 200 billion euros ($258 billion) to bolster investor confidence.

The 27 banks with shortfalls that were required by the European Banking Authority to submit plans for their capital raising attained a total of 116 billion euros, the London-based EBA said today. Including aid to Greek and Spanish banks, European lenders increased their capital reserves by more than 200 billion euros since 2011, according to an EBA report published on its website.