"European Banking Authority finds €25bn black hole in finances with nine banks in Italy failing the tests.
No UK banks failed although they are being subjected to fresh tests by the Bank of England which will publish the results on 16 December.
In Greece, three banks failed the stress tests set by the European Banking Authority, the overarching European banking regulator, with the same number failing in Cyprus. Ireland’s Permanent TSB failed.
The world’s oldest bank, Italy’s Banca Monte dei Paschi di Siena, was left with a shortfall of more than €2bn to fill in the coming nine months."