Irish Banks Most Vulnerable In Stress Tests – Banking Contagion In EU Cometh

by Mark O’Byrne
GoldCore

[…] Irish banks AIB and Bank of Ireland, are some of the most vulnerable banks in Europe according to the European Banking Authority stress test of capital strength, which examined 51 institutions across 15 countries and was released last week. Italy’s Monte dei Paschi (MPS) and the UK’s Royal Bank of Scotland, which owns Ulster Bank, emerged as the biggest losers in the stress tests.

The country’s two main lenders, Allied Irish Banks (ALBK.I) and Bank of Ireland (BKIR.I), saw sharp falls in their share prices and they were placed second and fourth worst respectively among the 51 banks scrutinised over their ability to withstand a three-year economic shock.

Continue Reading at GoldGore.com…