10 things you need to know today: October 26, 2014


The Fifth Column

Ukrainian voters head to the polls | David Ramos / Getty Images

The Week

Two dozen European banks fail a financial stress test, Ukrainians vote for a new parliament, and more.

1. 25 European banks fail stress test
Twenty-five of Europe’s largest banks flunked a financial stress test because they did not have big enough cash buffers to weather a hypothetical economic crisis, the European Central Bank said Sunday. The stress test examined 25 eurozone banks’ finances through the end of 2013. Among those that failed, 13 have still not raised enough capital to insulate themselves from a future crisis. In order to do so, the ECB said, they’ll need to raise another 10 billion euros, or $12.5 billion. [The New York Times, The Associated Press]

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2. Ukrainians vote Sunday for new parliament
Ukrainian voters headed to the polls Sunday for the first parliamentary elections since…

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