Peripheral banks bounce after positive SREP results

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Peripheral banks bounce after positive SREP results

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A logo sign outside of the headquarters of the UniCredit Group in Milan, Italy on September 3, 2016. Photo by Kristoffer Tripplaar | Kris Tripplaar/SIPA USA/PA Images

Southern European banks were given a lift at the beginning of the week, when they emerged from the European Central Bank’s annual supervisory review and evaluation process (SREP) with their capital requirements broadly unchanged.

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