Healthier signs for investors
europe’s listed banks will raise more than e40bn this year and fewer than 10 banks will fail an upcoming health check, according to a majority in a poll of investors at a top conference.
Morgan Stanley said 26 per cent of respondents to a poll of 800 investors at its European financial services conference in London said listed banks would raise e40-50bn capital this year, 14 per cent expected e50-70bn to be raised and 10 per cent expected more than e70bn to be needed.
A third expected e30-40bn to be raised.
European banks have raised, or said they will raise, about e10bn so far this year, and pressure is building on banks in Italy and elsewhere to raise more.