Can these banks handle the 'stress'?
July 28, 2016
European banks have not been in the best of their health for a long time and the growing uncertainty around U.K.'s vote to leave the European Union hasn't helped either.
"Since the financial crisis, there has been a lot of unease and uncertainty, particularly within the euro zone," Nitin Rakesh, CEO and President of Syntel told CNBC. "There is currently a great deal of attention on Brexit as well as the Italian banking crisis, so the ECB will be hoping that the stress tests reveal that the banks are in a position to cope with adverse trading conditions."
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