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Twenty-four+European+banks+fail+EBA+stress+test
Monday, 27 October 2014 - 11:31
Twenty-four European banks fail EBA stress test
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The European Banking Authority has announced that Twenty-four European banks have failed stress tests of their finances.

The banks now have nine months to shore up their finances or risk being shut down.

No UK banks are included.

The review was based on the banks' financial health at the end of 2013.

Ten of them have taken measures to bolster their balance sheets in the meantime.

All the remaining 14 banks are in the eurozone.
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