Friday 15 July 2011

A sigh of relief?

So will the markets breath a sigh of relief on Monday?
It says something that if only eight banks out of 20 failed the 5% benchmark that this should be treated as good news. But, there are still 15 that are in the danger zone and that is with the frantic capitalisation that went on in the first quarter of this year.
We will see on Monday which banks find favour with the markets and despite this breather, I am sure the ratings agencies may take a different view.

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