Italian banks are planning an appeal against the European Banking Authority, which said on Thursday that they had to raise 15.37 billion euros ($20.64 billion) in new capital to restore market confidence. The Italian Banking Association said in a statement that the figures had to be "radically" changed. The EBA, the EU's banking regulator, said Europe's banks as a whole must raise an extra 114.7 billion euros in new capital -- more than 8.0 billion euros higher compared with the EBA's initial guidance given two months ago.
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World Bank Regional Vice President First Visit to West Bank and GazaMaintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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