Euro banks test results due end of next month

The results of Europe’s most comprehensive ever review of its banks’ health will be announced on Sunday, October 26, sources told Reuters.

The tests will reveal whether around 130 of Europe’s largest banks need to raise more capital for losses they have already incurred and future crises. The tests are designed to finally banish fears about the health of Europe’s banks, whose valuation has lagged behind US peers since the region’s debt crisis struck.

The results must be published before the European Central Bank (ECB) becomes the eurozone’s banking supervisor on November 4.