Spain releases banking stress test results
The capital needs of the Spanish banking system amount to €59.3 billion ($76.4 billion) in an adverse scenario, according to the results of stress tests published today (September 28) by the Bank of Spain and Spanish Ministry of the Economy and Competitiveness.
The tests, conducted by consultancy Oliver Wyman, found under an adverse scenario defined as a capital-to-asset ratio of 6% and a fall in GDP of 6.5% during the period to 2014, that seven of the fourteen banking groups would require
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