13 Jul 2010

Bank shares fall in Europe

9:03 am on 13 July 2010

Shares in many European banks have tumbled as investors seek more information about stress tests on 91 financial institutions that are due to released later this month.

The tests should show how much major banks are set to lose if financial markets worsen sharply.

The BBC reports a two day meeting of European Finance Ministers will be held to try to iron out differences over how future bailouts will be supervised.