Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Thankfully all the UK Banks have passed their stress tests, however Lloyds only just managed to. The tests were implemented by the European Central Bank, and were designed to see if they could cope with a three year downturn. 130 banks in all were tested, with 25 failing, a large proportion of which were Italian. Monte dei Paschi was a notable Italian failure, and its shares have tumbled down 20% today. Regulators have banned all short selling of its stock.
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