Europe's banks need €115 billion of extra capital

Europe’s banks will need to raise €114.7 billion in fresh capital as part of measures introduced in response to the euro area’s sovereign debt crisis, the region’s top banking authority.

8th December, 2011

Europe’s banks will need to raise €114.7 billion in fresh capital as part of measures introduced in response to the euro area’s sovereign debt crisis, the region’s top banking authority.

German banks need €13.1 billion euros and Italian banks €15.4 billion in core tier 1 capital, the European Banking Authority said. European lenders will have to raise a total of €8 billion more than previously estimated by the EBA...

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