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Reuters: European banks need to raise up to $141 billion: Goldman

Started by chris, July 05, 2008, 03:41:08 PM

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chris

European banks need to raise up to $141 billion: Goldman
      


(Reuters) - Goldman Sachs said the European banks sector needs to raise about 60 billion to 90 billion euros ($94 to $141 billion), 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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