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FT.com / Companies / Banks - Lenders shunned on stress tests doubts
Leading UK and continental European companies are increasingly shunning banks from Spain, Italy and even Germany because they do not believe the Europe-wide stress testing of banks gave a true picture of their financial health.

Corporate treasurers from groups with revenues of more than $240bn told the Financial Times they were conducting their own tests to gauge for themselves banks' robustness.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Fri Sep 3rd, 2010 at 02:40:28 AM EST
[ Parent ]
They don't say which banks they're turning to instead: French? British? Russian? USian? Icelandic?

Europeans think a hundred miles is a long way. Americans think a hundred years is a long time.
by Bernard on Fri Sep 3rd, 2010 at 11:16:01 AM EST
[ Parent ]
Groups with revenues of more than $240bn can finance themselves directly on the financial markets.

"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Fri Sep 3rd, 2010 at 11:48:52 AM EST
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