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The avoidable failure of Europe’s stress tests

  Mark Whitehouse Later this week, European regulators will report on stress tests designed to determine whether the region’s banking system could withstand a crisis. Judging from a separate indicator of financial strength, the truth is probably more than they can handle. The tests will focus on 51 banks in the European Union and Norway, subjecting them to an adverse ...

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Stocks ignore defaults, cruising for a bruising

  A worrying trend is developing in the corporate bond market: Even with borrowing costs at or near their lowest ever, companies are increasingly unable to pay their debts. There have already been enough defaults around the world this year to suggest that the record set in 2009 might be beaten. And that should ring alarm bells for traders and ...

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G20 fiscal emphasis could support bank stocks

  Bloomberg The Group of 20 meeting in China added to the chorus of voices calling for more fiscal measures to boost growth, which could have important implications for asset prices if carried out successfully. With markets accustomed to a world of ever more innovative monetary policy, analysts from Deutsche Bank to Morgan Stanley say such a shift could in ...

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