About 10 Banks May Fail European Capital Stress Tests, FT Says

 July 15 (Bloomberg) -- Results of European bank stress tests to be released later today may show that about 10 failed, because they had less than the required five percent core tier 1capital, the Financial Times reported, without saying where it got the information.  The publication of the test results on 91 banks could lead to a series of distressed debt deals as the disclosure of previously unpublished information on banks’ credit exposures could prompt bids for credit portfolios from specialist buyers,the FT said, citing unnamed investment bankers and restructuring consultants.