Seven banks fail Cebs stress tests

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The Committee of European Banking Supervisors (Cebs) has published its stress test results, ending a month long period of examination for EU banks.

Cebs said that seven banks had failed in adverse scenario tests, with the group comprised of banks from Germany, Spain and Greece.

Early indications suggested that all financial institutions measured in Portugal, France and Sweden had passed the tests, but Germany's Hypo Real Estate was the earliest to fail. Regulators calculated that its tier-1 capi