Europe’s banks need €110 billion to keep credit ratings

In a report published on the 12 December 2013, Standard and Poor's said that Europe's 50 biggest banks needed capital injections of up to €110 billion to remain strong enough to sustain their credit ratings.

The report came just weeks before the European Central Bank began its 'stress tests' of Europe's banks to assess how robust their capital positions are.

ESO: Background information: ECB starts comprehensive assessment in advance of supervisory role http://www.europeansources.info/record/ecb-starts-comprehensive-assessment-in-advance-of-supervisory-role/

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