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European banks fail 'stress test'

Twenty-four European banks have failed "stress tests" of their finances, the European Banking Authority (EBA) has announced.

Fourteen of them, all in the eurozone, need to raise more capital to boost their balance sheets or risk being shut down. No UK banks are included.

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

Andrew Walker reports.

  • 27 Oct 2014
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