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Banks to get some preliminary ECB results a month early - document
Banks will get preliminary information on how they have fared in the European Central Bank's landmark assessment of the sector a month early, so they can prepare a "market response", according to an ECB presentation obtained by Reuters. Investors are keenly awaiting the results of the ECB's unprecedented review, which will force lenders to come to terms with any lingering weaknesses, adjust capital buffers and write off soured loans to regain the trust of investors. The health checks started about six months ago and banks have so far been given little information about the outcome to prevent the chance of market ... (full story)
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