Showing posts with label Stress Tests. Show all posts
Showing posts with label Stress Tests. Show all posts

Wednesday, November 5, 2014

ECB Fails 25 Banks as Italy Fares Worst in Stress Test

By Jeff Black  Oct 26, 2014 8:00 PM GMT+0200

Twenty-five lenders including Banca Monte dei Paschi di Siena SpA failed a stress test led by the European Central Bank, which found the biggest capital hole in the region’s banking system in Italy.

The Frankfurt-based institution identified a total gap of 25 billion euros ($32 billion) as of the end of 2013, most of which has now been raised by banks. Among lenders still in need of funds, Italy’s Monte Paschi (BMPS) and Banca Carige SpA (CRG) must find a combined 2.9 billion euros between them, the ECB said today.