Reuters breaks news on European bank stress tests

Reuters broke news on European bank stress tests on June 21, one of the most closely watched topics of the financial industry. Correspondents in Frankfurt and London heard that the banking book of lenders will also be stressed and published data on how much sovereign debt exposure will be stressed in the tests. Reuters also reported the new date for which publication of the results was scheduled. The European Banking Authority published a statement confirming main parts of the Reuters report two days later. The story was picked up by leading German business newspapers such as Handelsblatt, which quoted Reuters. The topic was also a main frontpage story in Financial Times Deutschland. The competition was unseen.