24th Oct 2016


Banks shore up capital, EU-wide stress test finds

The European Banking Authority published late on Friday results of the 2016 EU-wide stress test of 51 banks covering around 70% of banking assets across the EU. The sector has "significantly shored up its capital base", it concluded. Shortly before the test results came out, Italian lender Banca Monte dei Paschi suffered losses exceeding its entire capital base and announced a €5bn rescue plan.

News in Brief

  1. Canada and Wallonia end talks without Ceta deal
  2. Juncker hopes for Canada accord in 'next few days'
  3. Romania drops opposition to Ceta
  4. Difficulties remain on Ceta deal, says Walloon leader
  5. Brexit could lead to 'some civil unrest' in Northern Ireland
  6. ECB holds rates and continues quantitive easing programme
  7. Support for Danish People's Party drops, poll
  8. Spain's highest court overturns Catalan ban on bullfighting

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