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25 Banks Said To Fail European Stress Test, 10 In Talks On Capital Shortfall | Zero Hedge

25 Banks Said To Fail European Stress Test, 10 In Talks On Capital Shortfall | Zero Hedge.

With the results of Europe’s annual AQR, aka Stress Test, due out on Sunday, most had been expecting that despite some rhetoric that various brand name banks may fail, that it would be largely more of the usual: puff. That, however, may not be the case, and as Bloomberg just reported, a whopping 25 banks are set to fail the stress test, compared to 105 which are set to pass. As Bloomberg notes:

  • 105 banks passed the test, draft document shows
  • Number of banks that would have shortfall even after capital-raising to Sept. 30, 2014, is the subject of ongoing talks, a person with knowledge of the matter says
  • Negotations continue with about 10 banks shown to have net shortfall after 2014 capital measures, the person says
  • An ECB spokesman says the central bank can’t comment on speculation about the outcome of the comprehensive assessment. Any inferences drawn as to the final outcome of the exercise would be highly speculative until the results are final on Oct. 26, spokesman says

…click on above link to read the rest of the article…

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