A basketball team affiliated with the New York Knicks organization won a basketball game on Friday. It's true! I watched the contest unfold on my ...
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How the world sees Greece
Saturday, November 22, 2014
Friday Night (Westchester) Knicks: Thanasis is the Greek god of blocks
RBS admits European stress test blunder
London (AFP) - The Royal Bank of Scotland has accepted that it got its sums wrong over the European Banking Authority stress tests last month.Revised figures revealed Friday showed that instead of passing the test easily as initial results from the exercise showed, the state-owned RBS had narrowly scraped through and was the weakest performer among Britain's banks.The crunch audit was aimed at preventing a repeat of the crisis that nearly led to the euro's collapse.The stress tests ran the banks through two different economic scenarios to see whether their balance sheets were healthy enough to withstand further economic shocks.Under a baseline scenario, a bank's core capital ratio, a measurement of financial strength, must not fall below 8.0 percent. In the adverse scenario, it must not fall below 5.5 percent.RBS's initial calculations initially resulted in a level of 6.7 percent being reported.However, the Edinburgh-based bank has now admitted that part of its modelling had been wrong and this should have been 5.7 percent -- barely above the minimum.The error related to a 4.2 billion euro ($3.3 billion) overstatement of its capital strength under the scenario. Shares fell nearly one percent on Friday following the disclosure.The worst results from the stress tests were concentrated in Italy, where some nine banks failed, as well as Greece and Cyprus with three each.The RBS revelation came the day after British financial regulators fined the bank a combined £56 million ($87.6 million, 70 million euros) for a series of IT failures that left customers unable to access services.The bank is about 80-percent owned by the British government after it was rescued with £45.5 billion of taxpayers' cash during the global financial crisis, making it the world's biggest-ever banking bailout.Join the conversation about this story »
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Closing Bell Worth Watching: Consolidated Edison, Inc. (ED), National Bank of Greece S.A. (NBG ...
National Bank of Greece S.A. (NBG) of the Financial sector (Money Center Banks) gained 5.11%, a change from open of 0.41% at the close of the ...
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buy icons from greece to spain
I had warranty and they said it didnt cover the damage. Hickory Kentwool Lamkin Laser Link LeanTwo Leupold Links Choice Lynx MacGregor Maggie ...
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Greek Musician Lola de Hanna Releasing Debut Solo Album
Lola De Hanna Versatile music artist Lola de Hanna, who was born and raised in Greece, has spent the last five years collaborating with local and ...
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Greek budget sees stronger growth in 2015
Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an ...
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G-Unit, Kindness & Greek Fire: Emerging Picks of the Week
Heading into the weekend, Billboard offers another triple play of tracks to check out that all debuted on this week's Billboard + Twitter Emerging Artists ...
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