The Committee of European Banking Supervisors (CEBS) has said that seven of the 91 European banks that underwent stress tests have failed the health checks. They include five Spanish banks – Diada, Espiga, Banca Civica, Unnim and Cajasur. The other two were Germany's Hypo Real Estate and Greece's ATEbank. The tests assessed banks' ability to survive future economic shocks. The seven banks would need a total of 3.5 billion euros dollars of new capital to meet the standards required, CEBS said.