Stocks Crawl Back after Spain Data: ‘Mostly Solvent’
September 28, 2012 at 12:34 PM EDT
Stocks got a boost around noon on Friday as Spain released the results of stress tests on its banks. The total shortfall amounts to €59.3 billion, which was essentially in line with expectations. “The results confirm that the Spanish banking sector is mostly solvent and viable, even in an extremely adverse and highly unlikely macroeconomic [...]