25 Eurozone Banks Fail Stress Tests: Reports

Twenty-five eurozone banks have failed financial-health stress tests, The Wall Street Journal reported Sunday, citing the European Central Bank. The banks fell short of minimum levels of capital by a total of €24.62 billion ($31.17 billion), The Journal said. The number of failures, and the depth of the cumulative capital shortfall, was slightly larger than what analysts and investors expected European supervisors to identify during their stress tests of 150 of the continent's leading banks, according to The Journal's report.

Copyright © 2014 MarketWatch, Inc.