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Austria's Erste denies report it has failed stress tests

From reuters.com

Austria's Erste Bank rejected a report that it was one of at least 11 banks that had failed the European Central Bank's landmark health check, while other banks named by Spanish newswire Efe did not comment. Efe said Erste, along with banks from Italy, Belgium, Cyprus, Portugal and Greece, had failed the ECB review based on preliminary data, but gave no details of the size of the capital holes at the banks. The ECB said it could not comment on individual institutions or on speculation. "Any inferences drawn as to the final outcome of the exercise would be highly speculative until the results are final on 26 ... (full story)

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