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Reuters: European banks need to raise 60-90 billion euros: Goldman

Started by chris, July 04, 2008, 12:41:06 PM

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chris

European banks need to raise 60-90 billion euros: Goldman
      


(Reuters) - Goldman Sachs said the European banks sector
needs to raise about 60 billion to 90 billion euros, or
withhold one year of dividends, to reach an aggregate Tier I
ratio of 9 percent -- a level achieved by European banks that
have recapitalized recently.
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