Barclays Sees European Banks Needing Over $100 Billion In Ca

[BoyRacer]

Barclays Sees European Banks Needing Over $100 Billion In Capital After Stress Tests -> zerohedge.com/article/barcla … ress-tests

Barclays analyst Jeffrey Meli has issued a report “European bank stress tests: A preview” in which he estimates that if properly executed, the Stress Test, whose results are to be announced on July 23, will require an infusion of €85 billion to replenish capital levels. Specifically, quantifying the amount of capital needed would include €36 billion for Spanish cajas, a number far greater than expected to date, €34 billion for the German landesbanks, €8.6 billion for Greek banks and €6 billion for Portuguese banks. To be sure, Barclays has a positive spin on things, probably no doubt correlated to the bank’s existing holdings of sovereign debt (the same way RBS tried to discredit Zero Hedge when half a year ago we dared suggest that Greece is in far bigger trouble that expected, only to be proven subsequently that even we were too optimistic): "We have a bias to be long risk as the results of the stress tests are released.

there is more

[Dubhgeannain]

Are the Irish banks being stress tested this month too? I thought it was next month

[Dubhgeannain]

Just mentioned on the radio:

BOI and AIB pass stress testing