“Italian banks’ credibility was strengthened,” Italian Banking Association president Antonio Patuelli said in a statement Saturday. Monte Paschi and Allied Irish Banks Plc fell below the minimum capital level required by regulators. Deutsche Bank’s ratio fell to 7.8% in the adverse scenario, outperforming the 7.3% result at Barclays. Italy’s Banca Monte dei Paschi di Siena SpA was the only one of 51 lenders tested by European regulators to have its capital wiped out in the exam’s toughest scenario. The European tests released Friday showed that most lenders would keep an adequate level of capital in a crisis.

Source: Mint July 31, 2016 08:03 UTC