Helaba withdrawal hints at 'fundamental value' in stress test results, says analyst

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One of the largest banks in Germany withdrew from the European stress-testing process on Wednesday, in a move that one analyst believes indicates the results, due late on Friday, could contain "fundamental value".

"It appears that the European Banking Authority (EBA) is sticking to its guns, something that lends legitimacy to the regulator," said Jennifer Kapila, a financial institutions analyst with Roubini Global Economics in London. "The rising and public concerns of some banks vis-à-vis core

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