subject: Stress Test For European Banks - Not So Stressful Though [print this page] 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
