EU banks can weather ‘harsh’ crises but with big losses

European banks can weather a severe economic crisis with a sharp drop in their financial reserves, according to results from an extensive stress test published on Friday. In the worst-case scenario, described as “very severe” and covering a period of three years, the European banking sector would suffer a capital loss of 265 billion euros […]

from Daily Times https://ift.tt/3C0jRX7