Credit, collections & insolvency news
Banca Monte dei Paschi di Siena of Italy came bottom in the stress tests results by The European Banking Authority (EBA). The EBA conducted the tests on 51 lenders.. The test – which exposed banks to headwinds in the global economy and dramatic movements in currency markets. Banks from Italy, Ireland, Spain and Austria fared worst.
No banks from Cyprus, Greece or Portugal were big enough to fall within the scope of the test, which looked at four main risks: a rise in bond yields; rising public and private sector debt; weak profits at banks; and stresses from outside the banking sector.
Full Results of the test can be found here.
