Summary
NEW YORK - Stocks closed lower Tuesday following new worries about Europe's debt problems. Treasury prices rose and gold settled at a new high as investors sought out safe assets.
U.S. stocks followed European markets lower after news reports said banks in Europe might have more risky government debt on their books than was disclosed during "stress tests" earlier this year. That could mean fees from regulators and more capital-raising by the banks to bolster their balance sheets.See the full content of this document
Extract
Stocks Fall On European Debt Worries
Shares of major European banks including Barclays PLC and UBS fell, ...
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