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Europe banks face moment of truth after ECB review

Europe: The euro zone’s 130 banks received the European Central Bank’s (ECB) final verdict on their finances yesterday after a review aimed at drawing a line under persistent doubts about the health of the region’s banking sector.

Most lenders already had a good idea of how they had fared in the region’s most comprehensive-ever bank tests before the results landed around noon, after getting “partial and preliminary” figures from the ECB in recent weeks. But the final numbers were only agreed by senior regulators and supervisors late on Wednesday.

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