Banks, Europe Debt | featured news

Ireland's ailing banks need another euro24 billion ($34 billion) in cash in a move that will leave all of them under state control and facing a complete overhaul, officials announced Thursday in a long-awaited effort to cap a 3-year banking crisis....

Stress tests on Ireland's four main lenders will reveal a capital hole of around 20 billion euros ($28.2 billion), The Sunday Business Post reported, without citing any sources.

Broad probe testing 91 European banks finds most are fit to withstand severe economic shocks.

Wall Street did not create Europe’s debt problem, but bankers enabled Greece and others to borrow beyond their means, in deals that were perfectly legal.