Sunday

11th Dec 2016

Ticker

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. Council of Europe critical of Turkey emergency laws
  2. Italian opposition presses for anti-euro referendum
  3. Danish MP wants warning shots fired to deter migrants
  4. Defected Turkish officers to remain in Greece
  5. Most child asylum seekers are adults, says Denmark
  6. No school for children of 'illegal' migrants, says Le Pen
  7. Ombudsman slams EU Commission on tobacco lobbying
  8. McDonald's moves fiscal HQ to UK following tax probe

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