Stress Test Results Have Banks Shares on the Rise

Shares in European banks rose Monday as the markets reviewed the results of the banking system stress tests over the weekend. Seven of the 91 European banks that underwent stress tests failed. They included five Spanish banks, one German bank and one Greek bank.

“The results of the European banks’ stress tests have provided some degree of comfort to equity markets,” said Bernard McAlinden at NCB Stockbrokers.

Source: BBC News

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