| German banks weakest in stress tests |
| Germany’s Commerzbank is facing the prospect of nationalisation, following updated stress test figures from regulators at the European Banking Authority, which nearly tripled the capital shortfall of the German banking sector. The stress test, which pushes up the Europe-wide deficit from €106bn in October to €115bn now, shows that Commerzbank must raise €5.3bn of equity to come into line with the 9 per cent core capital ratio that EBA is demanding by June 2012. http://link.ft.com/r/J0VG55/ |
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Thursday, December 8, 2011
German banks weakest in stress tests
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