ECB faces test of its own as Europe braces for landmark banking review

After putting the euro zone’s top 130 banks through their paces, the European Central Bank will face a test of its own on Sunday – will its landmark health check succeed in convincing investors the region’s lenders are safe? The ECB will announce the names of 25 banks that held too little capital at the end of last year, along with details of around 10 banks that have not yet made up the shortfall. As well as the number of failures, Reuters has already reported details of several banks’ performance, including that Germany’s Deutsche Bank (DBKGn.DE) and Greece’s Alpha Bank (ACBr.AT) passed the tests while Ireland’s Permanent TSB [IPMIL.UL] failed. The ECB has staked its reputation on delivering an independent assessment of the euro zone banks before it takes over as their supervisor on Nov. 4.
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