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European Banks Brace For Health Check Results

Adequate capital?
Results are due today from so-called stress tests to check the capital viability of 90 European banks.

The European Banking Authority is expected to announced that around 10 lenders have insufficient capital to withstand a prolonged recession.

Banks that fail must have firm plans by September on how they will plug such shortfalls by the end of this year.

The health check of European banks is aimed at restoring investor confidence.

compiled from Reuters reports