Sign up to The Irish Times Archive (1859 - 2008)My Account »
Sat 07 Jul 2010AIB and Bank of Ireland pass EU-wide stress tests
THE COUNTRY’S two biggest banks, Bank of Ireland and Allied Irish Banks (AIB), passed an EU-wide stress test to assess the eurozone’s ability to withstand a double-dip recession and a sovereign debt shock.
However, just seven of the 91 European banks tested failed the financial health check with a total capital shortfall of just €3.5 billion, sparking fears that the much-anticipated test was far too soft.
Choose a Subscription type - required
