Some eurozone banks 'just as likely to fail' as they were before 2008 crisis

University of Portsmouth research shows some banks just as vulnerable to collapse despite efforts to improve their resilience

Almost eight years after the collapse of Lehman Brothers some eurozone banks are just as vulnerable to collapse as they were before crisis hit in 2008, according to research by a UK-based academic published on Tuesday.

"Our findings indicate that despite all the efforts to improve the resilience of banking, some banks are as vulnerable today as they were before the last banking crisis, they are just as likely to fail," said Nikos Paltalidis, of the University of Portsmouth Business School.