Seven European banks fail stress test
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Taxpayers Cram Hearing; Subpoenas Ordered
It was 1 a.m. The city’s tax assessor, Bill O’Brien, had just heard New Haven taxpayers and lawmakers decry him for six straight hours. “Misperceptions,” he said of the invective; stress because of a flagging economy. Moments later, Alderman Michael Smart, who conducted the standing-room-only public hearing, offered a different take. “We can’t get any straight answers,” he said of O’Brien and ...
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Seven European banks fail stress test
• Five Spanish savings banks fail today's EU stress tests • Germany's Hypo Real Estate and Greece's ATEbank also fall foul of extreme scenarios ...