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RBS, Barclays and Standard Chartered fail BoE stress tests
vivatifosi
Posts: 18,746 Forumite
3 UK banks have failed a Bank of England stress test for another global economic crisis.
This was a far tougher test than has previously been carried out.
BoE says that the banks already have plans in place to increase capital.
Breaking news at moment, so will try and add link later.
Good to see that they are being so stringently tested.
ETA... found a link but original story seen on Sky, not Beeb so slightly different emphasis...
http://www.bbc.co.uk/news/business-38135133
This was a far tougher test than has previously been carried out.
BoE says that the banks already have plans in place to increase capital.
Breaking news at moment, so will try and add link later.
Good to see that they are being so stringently tested.
ETA... found a link but original story seen on Sky, not Beeb so slightly different emphasis...
http://www.bbc.co.uk/news/business-38135133
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Comments
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RBS are going to sell "stuff" to raise capital and Standard Chartered need to settle some legal bills for banking with Iran etc. Onward and upwards....0
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Considering what a farce these so called 'stress tests' are it's quite some achievement to actually fail them.0
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I believe the BoE tests are more stringent than the ones the ECB put the Italian and other banks through last year.0
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The Stress Test is available here
http://www.bankofengland.co.uk/financialstability/Documents/fpc/results301116.pdf0
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