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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: pogohere who wrote (113770)9/7/2010 12:35:11 PM
From: pogohere  Read Replies (1) of 116555
 
Wall Street declines on European banking concern

NEW YORK (Reuters) - Stocks fell on Tuesday, led by declines in financial shares as reports on the European banking system renewed worries over the sector's health.

Sept 7, 2010

. . .

European bank stress tests intended to measure the strength of major lenders understated their holdings in potentially risky government debt, the Wall Street Journal reported.

Separately, Germany's banking association said the country's 10 biggest banks may need 105 billion euros ($134 billion) in new capital as regulators revamp rules designed to prevent future crises. (more)

finance.yahoo.com
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