European bank shares were boosted Tuesday by strong earning results, revised Basel rules and the flawed European stress-test results, which were released last Friday.
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- Markets News Tuesday: China buys Spanish bonds; Moody’s downgrades Portugal’s debt; Eurogroup ministers say stress test failed banks will be supported
- Markets News Wednesday: AIB puts its 22.4% stake in US bank M&T on market; Shares rise after strong close on Wall Street
- Central Bank governor says Ireland’s two biggest banks AIB and Bank of Ireland have passed its stress tests — which are more severe than ongoing Eurozone tests
- US economic forecast for second-half of 2010 revised down; Bank lending fell in Q2; This year US agriculture exports will be second-highest ever