European Bank's Stress test results

A short comment:

The Italian banks have just received their grade on the latest stress test. Banco De Monte dei Paschi results were not exactly excellent. In the worse case scenario the result was -2.4% capital (which means insolvent by the way). BNDP is planning to raise Euro 5 billion and sell Euro 9 billion in NPL.

How such a bank will raise Euro 5 billion (its current market cap is Euro 5 billion) and sell Euro 9 billion in NPL is anyones guess, still they get a passing grade because they made these commitments.

Amazing

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