Threadneedle Street puts banks on notice as it prepares for annual stress test of resilienceThe Bank of England has warned tall street banks are taking increasing risks selling mortgages and commercial loans that could threaten the stability of the financial system if left unchecked. Threadneedle Street do banks on notice that it could force them to strengthen their financial reserves after finding almost a fifth of recent mortgage lending has gone to customers who only just meet its affordability rules.
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Source: guardian.co.uk