24 European banks fail EBA stress tests

Some 24 European banks have failed the European Banking Authority (EBA)'s stress tests.

Of these 24, 10 had already raised additional capital in 2014, leaving a total of 14 banks with inadequate capital ratios. The list includes four Italian banks, two Greek banks, two Belgian banks and two Slovenian banks. The worst affected was Italian bank Monte dei Paschi, which had a capital shortfall of €2.1bn (£1.65bn). Four UK banks were subjected to the EBA test: Royal Bank of Scotland, HSBC, Lloyds Banking Group and Barclays. None of them failed the tests - although Lloyds’ capital buffer would take a significant hit, falling from 10.2% to 6.2% in an adverse scenario, while RBS...