ECB Set to Fail 25 Lenders in Bank Review, Draft Document Shows
2014-10-24 12:42:37.386 GMT
By Patrick Henry
Oct. 24 (Bloomberg) -- Twenty-five euro-area banks are set
to fail ECB’s Comprehensive Assessment, according to preliminary
results seen by Bloomberg News.
* 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
* NOTE: Banks have until tomorrow to sign off on the ECB
assessment results
* NOTE: The ECB plans to publish results of the assessment on
Oct. 26
* NOTE:
ECB Moves to Quash Bank Assessment Rumors as Results Day Nears
NSN NDUH696K50YD <GO>
NOTE:
ECB: Any Inference on Stress Test Results ’Highly Speculative’
NSN NDU9OP6JTSEF <GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Patrick Henry in Brussels at +32-2-237-4328 or
phenry8@bloomberg.net
To contact the editor responsible for this story:
Edward Evans at +44-20-3525-3190 or
eevans3@bloomberg.net
2014-10-24 12:42:37.386 GMT
By Patrick Henry
Oct. 24 (Bloomberg) -- Twenty-five euro-area banks are set
to fail ECB’s Comprehensive Assessment, according to preliminary
results seen by Bloomberg News.
* 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
* NOTE: Banks have until tomorrow to sign off on the ECB
assessment results
* NOTE: The ECB plans to publish results of the assessment on
Oct. 26
* NOTE:
ECB Moves to Quash Bank Assessment Rumors as Results Day Nears
NSN NDUH696K50YD <GO>
NOTE:
ECB: Any Inference on Stress Test Results ’Highly Speculative’
NSN NDU9OP6JTSEF <GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Patrick Henry in Brussels at +32-2-237-4328 or
phenry8@bloomberg.net
To contact the editor responsible for this story:
Edward Evans at +44-20-3525-3190 or
eevans3@bloomberg.net