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Barclays, Lloyds shock in EU bank's toughest stress test since 2009

EU's banking watchdog began the exercise to identify capital holes and avoid any repeat of the government bailouts triggered by the 2008 financial crisis

Huw Jones & Lawrence White | Reuters  |  London 

Britain's Barclays and Lloyds were the surprise laggards in a European Union bank health check on Friday, although none of the 48 lenders tested, failed a major capital threshold. The EU's banking watchdog published results on Friday for its toughest "stress test" since 2009, when it began the exercise to identify capital holes and avoid any repeat of the government bailouts triggered by the 2008 financial crisis. The latest test measured banks' ability to withstand theoretical market shocks like a rise in political uncertainty against a backdrop of plunging ...

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First Published: Sat, November 03 2018. 02:10 IST
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