At lunchtime today, the results of the stress tests on 130 European banks will be released, lining up the ducks before the European Central Bank (ECB) takes over as regulator early next month.
The indication is that close to 25 banks will fail, despite over €100 billion being pumped in as fresh bank capital over the past year, among them Italy’s Banca Popular di Milano and Spain’s Banco Popular Español. But what will surprise many are...
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