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Eurozone banks get final ECB verdict on finances

Published Thu, Oct 23, 2014 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

London

THE eurozone's 130 biggest banks received the European Central Bank's (ECB) final verdict on their finances on Thursday after a review aimed at drawing a line under persistent doubts about the health of the region's banking sector.

Most lenders already have a good idea of how they had fared in the region's most comprehensive-ever bank tests before the results landed around noon, after getting "partial and preliminary" figures from the ECB in recent weeks. But the final numbers were agreed by senior regulators and supervisors only late on Wednesday. They will not be made public until Sunday, and the ECB has asked banks not to make any disclosures until this point.

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