The storm had already claimed the lives of at least two people in China's Hainan and 16 people in the Philippines
asia9 hours ago
According to the Financial Times, the board members at banks in the UK, France and Germany, who spoke on condition of anonymity, had reservations about the way in which the stress test had been conducted.
The FT said the banks in question are considered to be among those that will pass the test.
“It is not a question of whether we will pass,” the FT quoted one finance director as saying.
“It is that the market will compare our stressed capital ratio with others that have been calculated in an entirely different but untransparent way.”
Earlier this month Europe listed 91 banks taking part in financial stress tests—including many regional banks where markets suspect most of the sore spots are—as it seeks to restore confidence in the sector.
The list covers banks such as BNP Paribas, HSBC, Deutsche Bank, Santander, UniCredit and ING.
The paper quoted one bank chief executive as saying that the idea that the market could read the results as a league table of European banks was “a real risk.”
The results of the tests will be published on Friday.
The storm had already claimed the lives of at least two people in China's Hainan and 16 people in the Philippines
asia9 hours ago
Dubai Police have asked drivers to be extra cautious
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The former all-rounder has returned to cricket during the past year after a horrific car crash at the end of 2022
cricket10 hours ago
Dubai Police have asked drivers to be extra cautious
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Hamas' health ministry said that 94,616 people have been wounded since the conflict began on October 7
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Traffic will be diverted to the opposite side during this period
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