EU names list of 91 stress test banks HSBC, DB, BNP...

Post date: Jul 08, 2010 6:8:39 AM

A list of 91 banks that will be subject to "stress-testing" across Europe was released late on Wednesday.

The UK's big four banks, HSBC, Royal Bank of Scotland, Lloyds and Barclays are on that list, along with fellow major EU banks including Deutsche Bank and BNP Paribas.The tests will assess whether Europe's banks are able to withstand future financial shocks.

There are continued concerns that some European banks' balance sheets are burdened by bonds from Greece, Spain and Portugal.

The exercise will be completed by 23 July.

source: news.bbc.co.uk