The European Central Bank on Sunday released the long-awaited results of its stress test.
The test, conducted on 130 euro area lenders, requires banks to have common equity tier one ratios of more than 5.5 per cent even under a “adverse scenario” of falling economic output, rising unemployment and declining house prices.
The stress test found 25 banks had capital shortfalls under the adverse scenario applied to banks’ balance sheets as of the end of 2013. However, that number fell to 13 once capital raised by the banks in 2014 was taken into account.
This sortable table shows a summary of the results of the stress test, including any shortfall after net capital raised since December 2013 is taken into account. Read more
The world’s population is changing in ways that could barely be imagined a generation ago, and at a pace that is faster than any in recorded history. Not only are we all living longer, but in the richest countries – and in many newly middle class nations – people are having too few babies to keep population stable. By 2050, according to UN projections, those aged over 65 will outnumber children aged 5 and under, for the first time in human history. Read more
Based on the voter registration data and the Press Association’s estimated declaration times, here is an approximate timetable of what to expect during the night of the count Read more