Finally, some good news from Europe’s banks

October 27, 2014

Yesterday was anything but a day of rest for the European Central Bank.

Sunday’s announcement of stress test results by the ECB was largely heralded as good news by analysts, with only 13 of 130 large eurozone banks found at risk after a seven-month review of their finances.

In total, 25 banks representing a 25 billion euro shortfall failed the test at the end of last year, but since then a dozen banks have raised the 15 billion euros necessary to be deemed safe. And as Bloomberg points out, the report’s footnotes flag five more banks that “don’t need to proceed with finding funds beyond what they’ve already raised, or have also reduced balance sheets adequately or are being wound down.”

The Chair of the Supervisory Board of the European Central Bank, Daniele Nouy, cast the test as an effort to achieve clarity: “I would say that this exercise was not about the number of banks that would fail. But it was about transparency and the full knowledge by the investors about the content of the balance sheet of the banks.”

In the spirit of full knowledge, this Reuters interactive allows you to sort, select and compare results by bank, country, ownership, shortfall and much more.

So relax, unwind, and dive into some data. What better way to alleviate the stress of a Monday?

A euro logo sculpture stands in front the headquarters of the European Central Bank (ECB) in Frankfurt October 26, 2014. REUTERS/Ralph Orlowski


  

 

 

 

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