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Stress Assessments at European Banks Also Test Credibility: View

The European bank stress-test results are in, and the good news is that, of 90 lenders reviewed, only eight failed: five in Spain, two in Greece and one in Austria. A ninth bank, Germany’s Landesbank Hessen-Thueringen, probably would have failed but refused to disclose its data. Sixteen others narrowly passed, the European Banking Authority concluded.

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