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

Ukrainian voters head ot the polls
(Image credit: David Ramos / Getty Images)

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.

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Jon Terbush

Jon Terbush is an associate editor at TheWeek.com covering politics, sports, and other things he finds interesting. He has previously written for Talking Points Memo, Raw Story, and Business Insider.