UBS and Bank of America units clear ECB stress test
An asset quality review and a
stress test on subsidiaries of UBS and Bank of America
revealed no capital shortfall, the European Central Bank
said on Friday, clearing a hurdle for the banks to relocate
activities to Europe from Britain.
stress test on subsidiaries of UBS and Bank of America
revealed no capital shortfall, the European Central Bank
said on Friday, clearing a hurdle for the banks to relocate
activities to Europe from Britain.
Posted by Reuters
