Thursday, 22 March 2012

'No banks should have failed stress tests, say top US equity duo'



'The Fed’s banks stress test that saw four of nineteen US banks, including Citigroup, fail on capital conditions last week was more demanding than Europe's stress tests, said Threadneedle US equity manager Stephen Moore, and is not a fair reflection of its banking industry.

‘The failing of some banks is a very relative issue. The test was incredibly ...'


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