The European Banking Authority (EBA) on Thursday said there was a €114.7 billion ($153 billion) aggregated shortfall in capital levels discovered after completion of the capital exercise, which was conducted in co-operation with the competent national authorities.
Unsurprisingly Greece topped the table of capital gap figures with a result of €30 billion. But worryingly, the figure for European economic powerhouse Germany was higher than previously thought, coming in at €13.1 billion, three times
- Central bank digital currency a ‘terrible idea’, US Congress told
- People: Olli Rehn enters office as Bank of Finland governor
- Podcast: David Vines on how to reform the DSGE model
- Infrastructure financing not harmed by post-crisis reforms – FSB
- Trump criticises Fed over rate rises and threatens higher tariffs