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These include Spanish banks Santander, BBVA, Banco Popular Espanol and Banco Sabadell.
FORBES: Analysts Stress About European Bank Stress Tests
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"We had to make sacrifices in terms of pricing and take some big losses, " Sabadell Chief Executive Jaume Guardiola said at a news conference last month.
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On Friday, Oliver Wyman completed the more granular audit, which only seven institutions passed ( Banco Santander, BBVA, Caixabank, Unicaja Ceiss, Bankinter, Kutxabank, and Sabadell).
FORBES: Spanish Bank Stress Test Reveals $76B Capital Short Fall; Path Cleared For Bailout
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Only seven institutions passed the stress tests ( Banco Santander, BBVA, Caixabank, Bankinter, Unicaja Ceiss, Kutxabank, and Sabadell) while at least another nine were found to need capital to face a stress situation.
FORBES: Move up http://i.forbesimg.com t Move down
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Financial institutions: BBVA Bank, BMO, BNLPOSitivity, BNL Italy, BNP Paribas Fortis Belgium, Banco Sabadell, Banco Santander, Banca Sella, Citi, Commonwealth Bank, Deutsche Bank Italy, EMS, EnterCard, EURO 6000, European Merchant Services, Fifth Third Bank, Handelsbanken, International Card Services Netherlands, Intesa Sanpaolo, Lake Trust Credit Union, ME Bank, NAB, SEB Kort, SIA, Swedbank, TMG Financial Services, UniCredit and Westpac.
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