Twenty-Five European Banks Fail Stress Test, But Half Have Already Raised New Capital

Twenty five European Banks Fail Stress Test, but results based on 2013 figures and many have raise new capital since then to fill the gap. Italy’s venerable Banca Monte die Paschi di Siena sees its share suspended after falling 15% at the open. It’s drawing up plans to fill $2.7 billion gap and has received takeover approaches. Britain’s biggest mortgage lender Lloyds Banking Group passes the test for non-Eurozone banks, but is gets the lowest score of the big banks in the U.K. In Hong Kong and Shanghai, markets take a hit after their Hong Kong Shanghai Stock Connect project which was meant to link the two exchanges automatically from the end of October is still waiting approval.