‘Stress Tests’ Could Damage European Banks, says Germany
May 6, 2009 by admin · Leave a Comment
German Finance Minister Peer Steinbrueck rejected stress tests for European banks, saying the bad publicity could harm banks already suffering from rising defaults on loans.
US regulators have run tests on 19 of the country’s largest financial firms to estimate the losses that banks would face if unemployment surges and house prices continue to plunge. Read more about European banks…
