{"id":603,"date":"2014-10-26T09:04:16","date_gmt":"2014-10-26T13:04:16","guid":{"rendered":"http:\/\/olduvai.ca\/?p=603"},"modified":"2014-10-26T09:04:16","modified_gmt":"2014-10-26T13:04:16","slug":"ecb-announces-stress-test-results-here-are-the-25-banks-that-failed-zero-hedge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=603","title":{"rendered":"ECB Announces Stress Test Results: Here Are The 25 Banks That Failed | Zero Hedge"},"content":{"rendered":"<p><a href=\"http:\/\/www.zerohedge.com\/news\/2014-10-26\/ecb-announces-stress-test-results-here-are-25-banks-failed\">ECB Announces Stress Test Results: Here Are The 25 Banks That Failed | Zero Hedge<\/a>.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">As was leaked on Friday, when the market surged on news that some 25 banks would fail the ECB&#8217;s third stress test (because in the New Normal more bank failures means more bailouts, means the richer get richest, means more wealth inequality), so moments ago the\u00a0<a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.ecb.europa.eu\/pub\/pdf\/other\/aggregatereportonthecomprehensiveassessment201410.en.pdf?d2f05d43d177c25c57e065ebdbf80fe7\">ECB reported\u00a0<\/a>that, indeed, some 25 banks failed the European Central Bank&#8217;s third attempt at collective confidence building and redrawing of a reality in which there is about \u20ac1 trillion in European NPLs, also known as the stress test.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">The ECB&#8217;s results as summarized by the\u00a0<a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.ecb.europa.eu\/press\/pr\/date\/2014\/html\/pr141026.en.html\">central bank<\/a>:<\/p>\n<ul>\n<li>Capital shortfall of \u20ac25 billion detected at 25 participant banks<\/li>\n<li>Banks\u2019 asset values need to be adjusted by \u20ac48 billion, \u20ac37 billion of which did not generate capital shortfall<\/li>\n<li>Shortfall of \u20ac25 billion and asset value adjustment of \u20ac37 billion implies overall impact of \u20ac62 billion on banks<\/li>\n<li>Additional \u20ac136 billion found in non-performing exposures<\/li>\n<li>Adverse stress scenario would deplete banks\u2019 capital by \u20ac263 billion, reducing median CET1 ratio by 4 percentage points from 12.4% to 8.3%<\/li>\n<\/ul>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">The central bank&#8217;s punchline: &#8220;[the] Exercise delivers high level of transparency, consistency and equal treatment. Rigorous exercise is milestone for the Single Supervisory Mechanism starting in November.&#8221;<\/p>\n<div>&#8230;click on the above link to read the rest of the article&#8230;<\/div>\n","protected":false},"excerpt":{"rendered":"<p>ECB Announces Stress Test Results: Here Are The 25 Banks That Failed | Zero Hedge. As was leaked on Friday, when the market surged on news that some 25 banks would fail the ECB&#8217;s third stress test (because in the New Normal more bank failures means more bailouts, means the richer get richest, means more [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[54,60,233,281,282],"class_list":["post-603","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bank-failures","tag-bank-stress-tests","tag-ecb","tag-europe","tag-european-central-bank"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=603"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/603\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}