Bloomberg have obtained the draft document from the ECB that says 25 banks will fail and 105 will pass. Back in September the heads up was that 20 would fail. No details on who those are but we’ve had a pretty good idea from the leaks.
Talks are still ongoing with banks who are likely to have a capital shortfalls, says sources, with 10 banks said to be continuing negotiations. A reminder that the actual finalised number can change.
Remember that we get two sets of results, one from the EBA and one from the ECB.
If I recall correctly I think the banks have had their actual results today but it’s the public release that is Sunday. We should assume that we may get other leaks during the day or over the weekend.
EUR/USD had a little wobble to 1.2646 and then dismissed the news with a run to 1.26 70
