Photo: vier via Flickr
ORIGINAL POST: Heads up.European stress tests are scheduled to come out at 12:00 PM ET.
They should be out here.
Watch for the Spanish and German banks.
Refresh for updates.
The report is out, and can be downloaded here.
Here’s the key graph:
Once capital-raising actions in 2011 are added, the EBA’s 2011 stress test exercise shows that eight banks fall below the capital threshold of 5% CT1R over the two-year time horizon, with an overall CT1 shortfall of EUR2.5bn. In addition, 16 banks display a CT1R of between 5% and 6%.
The breakdown of failures is: 5 Spanish, 2 Greek, and 1 Austrian. Check out which banks failed the test >>
Originally the euro surged on the news, but it’s faded.