Banks test hits Italian, some German banks - Tri-State News, Weather & Sports

Banks test hits Italian, some German banks

FRANKFURT, Germany (AP) -  Italian bank shares led a broad drop in European financial stocks as investors sifted through the masses of data released in Europe's far-reaching review of banks.

Several German lenders also were shown to be shaky, though they passed the main test.

Those were among the takeaways Monday, when markets got a first chance to react to the results published Sunday. Of 130 big European banks, 25 flunked tests of financial strength - and nine of those were Italian.

Shares in Italian bank Monte dei Paschi di Siena sagged 18 percent before they were suspended. It had the biggest capital shortfall, 2.11 billion euros.

Meanwhile, Germany's HSH Nordbank, DZ Bank and WGZ Bank passed the basic test but the data suggested they are also not in top financial health.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
  • LOCALMore>>

  • Police stepping up patrols in active construction zone, drivers speeding

    Police stepping up patrols in active construction zone, drivers speeding

    Friday, July 20 2018 7:50 PM EDT2018-07-20 23:50:24 GMT
    Barrels line parts of the Lloyd Expressway in construction zone(WFIE)Barrels line parts of the Lloyd Expressway in construction zone(WFIE)
    Barrels line parts of the Lloyd Expressway in construction zone(WFIE)Barrels line parts of the Lloyd Expressway in construction zone(WFIE)

    A warning from Evansville police to watch your speed in construction zones. 

    More >>

    A warning from Evansville police to watch your speed in construction zones. 

    More >>
  • New details on Ellis Park ownership transfer

    New details on Ellis Park ownership transfer

    Friday, July 20 2018 7:51 PM EDT2018-07-20 23:51:45 GMT
    (Source: Ellis Park)(Source: Ellis Park)
    (Source: Ellis Park)(Source: Ellis Park)

    We are coming closer to an official sale of Henderson's historic Ellis Park. Current owner Ron Geary and Saratoga company officials were at track Friday morning for a meeting. Racing continued there on Friday as usual. We're learning there are no changes are anticipated in the immediate future. But a team of Saratoga employees are in town evaluating the property and coming up with a game plan. The deal could close as soon as early next week. "We've been involved with the...

    More >>

    We are coming closer to an official sale of Henderson's historic Ellis Park. Current owner Ron Geary and Saratoga company officials were at track Friday morning for a meeting. Racing continued there on Friday as usual. We're learning there are no changes are anticipated in the immediate future. But a team of Saratoga employees are in town evaluating the property and coming up with a game plan. The deal could close as soon as early next week. "We've been involved with the...

    More >>
  • Methodist Hospital release memo explaining changes

    Methodist Hospital release memo explaining changes

    Friday, July 20 2018 6:30 PM EDT2018-07-20 22:30:49 GMT
    (Methodist Hospital Memo)(Methodist Hospital Memo)
    (Methodist Hospital Memo)(Methodist Hospital Memo)

    Changes within the administrative team at Methodist Hospital went into effect on Friday. Read the full memo below: Copyright 2018 WFIE. All rights reserved.

    More >>

    Changes within the administrative team at Methodist Hospital went into effect on Friday. Read the full memo below: Copyright 2018 WFIE. All rights reserved.

    More >>
Powered by Frankly