European bank stress test results awaited...

By : Administrator
Published 23rd July 2010 |
Read latest comment - 25th July 2010

If you've taken advantage of the recent banking crisis and had a dabble in RBS and Lloyds shares, then you may be holding your breath as all the banks have undergone stress tests to see if they financially stable, and the results are about to be made public.

Of the 91 European banks tested, Goldman Sachs have forecast that 10 of the 91 will fail

BBC News - European bank stress test results awaited

Steve Richardson
Gaffer of My Local Services
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Comments
forum avatarjessygsi@yahoo.com
25th July 2010 10:44 AM
Listen.

With confidence so low and the "to carry on throwing money into the economy to boost the kick-start" vs "cut back and control the deficit" argument going on...the tests are not going to reveal anything scary.

Perhaps it will weed out one or two of the dodgy backs in Greece etc.

But that's it.

It's window dressing.

Yup, looks like the stress tests came to nothing. The RBS day trading bonanza continues

Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn

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