Stress Test For European Banks - Not So Stressful Though

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Charles de Vaulx, a portfolio manager at International Value Advisers LLC said the stress tests would not change the firm's outlook on European Banks

. "We find the European banks still under capitalized," de Vaulx said. "The lack of a test for sovereign risk means the test was too soft and not credible." After announcement of stress test results US markets shrugged off the results as a non event, and marched northwards on expectations of better corporate earnings.

Stress Test For European Banks - Not So Stressful Though

By: Zillo Fry

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