LONDON (Reuters) - Seven of 91 European banks have failed stress tests and show an overall capital shortfall of 3.5 billion euros, the organizers of the tests said on Friday.
"As a result of the adverse scenario after a sovereign shock, seven banks would see their Tier 1 capital ratios fall below six percent," the Committee of European Bank Supervisors (CEBS) said.
About 10 banks had been expected to fail.
