The Trader 

Market Outlook: Buddy, can you spare €40bn?

The Trader

 

 

Yesterday the European Banking Authority warned that new capital regulations mean that of the 88 banks in 17 countries they looked at these must raise €40 billion over the next few years to comply with new rules.  The largest banks which operate internationally will need another 14.1 per cent in cash, share capital and core capital; the others must come up with an extra 3.9 per cent.

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