The European banks need to find $78 billion or €53 billion to get in line with the recommendations of Basel II. In Belgium, it seems that KBC would need €2.2 billion according to research of JP Morgan. From the $78 billion, $40 billion would be used to repay the gouvernments for their financial support a few months ago, the other $38 would be used to strengthen the balance sheet. The biggest need is with the German Commerzbank, they need to find $17 billion...
Tim Ravelingien
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The drop the 'the' European banks need to find $78 billion or €53 billion to get in line with the recommendations of Basel II. In Belgium, it seems that KBC would need €2.2 billion according to research of JP Morgan. From the $78 billion, $40 billion would be used to repay the gouvernments governments for their financial support a few months ago, the other $38 would be used to strengthen the balance sheet. The biggest need is with the German Commerzbank, they need to find $17 billion...
well done
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