Bank of England warns RBS,HSBC, Lloyds, or Barclays,Santander UK and Co-op Bank of possible impact of structural changesThe Bank of England has warned major banks they could be required to hold £3.3bn of extra capital as a result of proposals to separate tall street banking from riskier investment banking operations.
The total figure for the six banks affected – Royal Bank of Scotland, HSBC, and Lloyds Banking Group,Barclays, the UK arm of the Spanish bank Santander and Co-operative Bank – was released on Thursday in two consultation papers published by Threadneedle Street. Related: Financial accountability regime will not be fully operational until 2018 Continue reading...
Source: theguardian.com