European Stress Tests Rank Irish Banks Lowest, Swedes Top: ChartBy
The European Banking Authority’s assessment of how 51 lenders would weather hypothetical economic stress hit Ireland’s banks the hardest, while better-capitalized Swedish lenders saw the smallest impact. While banks in countries ranging from Italy to Germany and the U.K. showed some weaknesses under stress tests, Spanish lenders “came out super solid because they’ve done a lot of reforms,” Alberto Gallo, head of macro strategies at Algebris Investments, told Bloomberg Television on Monday.
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