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25 EU banks to fail ECB stress tests, according to leak

Bloomberg, which got hold of ECB's draft document with the outcome of EU bank's stress tests, has reported that 25 of the financial institutions out of the total 130 under investigation have failed.

No more details have been given, but according to estimates Deutsche Bank, ING and three large French banks have the biggest capital shortfall. The official results will be published this Sunday.

Gold steady amid lack of fresh triggers

Gold prices are trading steady ahead of the US open amid lack of fresh fundamental triggers out of the Europe or the US.
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