July 15, 2011
The Stress Test results are out! It looks like 8 have been judged to have failed but interestingly 16 came close to failing. Given how lenient the adverse scenario is (especially given recent market turbulence relating to Spain and Italy) that is fairly surprising. See below for the table on how each country’s banks fared…
We have to say that we’re surprised more didn’t fail… OK, well we would be if the tests were more credible, but you get where we’re coming from.
The banks that failed are below (some with their capital shortfalls) courtesy of FT Alphaville:
Eurobank EFG (€58m)
Catalunya Caixa (€75m)
Caja 3 (€140m)