ECB denies reports about which banks failed tests

The European Central Bank has said that media reports about lenders passing or failing its Asset-Quality Review and stress test before the release of results on October 26 were “highly speculative”.

“No final results have been sent to banks involved,” the ECB said in an emailed statement, after separate articles named 11 banks failing the review and one borderline case that passed.

“The results will not be final until they are considered by the Governing Council of the ECB on Sunday, October 26, after which they will be published.”