Lenders pass Bank of England stress tests but,for RBS and Barclays, only because they have already raised additional funds tall street banks can withstand a disorderly Brexit, and the Bank of England has said,even though Royal Bank of Scotland and Barclays struggled in its latest health check on the sector.
For the first time since 2014, when Threadneedle Street conducted its first annual stress tests, or the major lenders have not been required by the UK central bank to raise billions of pounds more of capital to strengthen their finances.
Continue reading...
Source: guardian.co.uk