European regulators found that seven banks need to raise a combined €3.5 billion ($4.5 billion) of capital, underwhelming analysts who said the stress tests may not have been strict enough.

“The amount of capital needed is much lower than the market expected,” said Mike Lenhoff, chief strategist at London-based Brewin Dolphin Securities Ltd., which oversees $33 billion. “It seems quite trivial considering the concerns about losses from the sovereign crisis.”

SIX earthquakes struck the Moro Gulf of Mindanao island in the southern Philippines on Saturday, followed by one in northern Sumatra, Indonesia, according to the US Geological Survey (USGS).

The latest temblor, with a magnitude of 5.4, struck 50 kilometers (km) south-southeast of Sumatra’s Padangsidempuan city at 9:11 a.m. local time, the agency said on its web site. The first quake had a magnitude of 7.3 and hit at 6:08 a.m. Philippine time, 100 km (62 miles) southwest of Mindanao’s Cotabato city, the USGS said.  There were no immediate reports of casualties or damage, and no tsunami warning was issued by the Pacific Tsunami Warning Center. Indonesia and the Philippines lie along the so-called Pacific Ring of Fire, where tectonic plates collide and about 80 percent of the world’s largest temblors occur.

BP Plc. disconnected ships that had been drilling relief wells near its Macondo spill site in the Gulf of Mexico because of an approaching tropical depression that could arrive on Saturday.

The depression, named Bonnie, moved into the Gulf of Mexico on Friday, the National Hurricane Center said. If gale-force winds from Bonnie reach the spill site this weekend, a seal installed on Macondo on July 15 will prevent resumption of the worst US oil spill, National Incident Commander Thad Allen said at a press conference in New Orleans.