Loans and Finance

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News and information about loans, money, debt, finance and business issues.

Tuesday, December 01, 2015

UK Banks Pass Stress Test

The Bank of England has, for the second year running, conducted stress tests on seven major UK banks.

All passed.

However, Royal Bank of Scotland and Standard Chartered were the weakest and were found not to have enough capital strength. They both took steps to raise capital, and as such were not told to come up with a new plan.

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