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The European Central Bank (ECB) released its stress tests results on Sunday. 25 banks failed due to a capital shortfall and 13 banks have to raise an additional €10 billion in capital. Most banks have already taken steps to solve their problems.
Banks that failed the stress tests were from Italy (9 banks), Greece (3 banks), Cyprus (3 banks), Belgium (2 banks), Slovenia (2 banks), Portugal (1 bank), Germany (1 bank), Ireland (1 bank), France (1 bank), Ireland (1 bank), Spain (1 bank) and Austria (1 bank).
Italian bank Monte dei Paschi di Siena had the biggest capital shortfall. The bank had a €2.1bn shortfall.
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