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Royal Bank of Scotland fails UK stress test

Royal Bank of Scotland is still 73% govt owned after receiving an enormous bailout

Agence France-Presse 

The Royal Bank of Scotland is the worst prepared among Britain’s lenders for another financial crisis, the Bank of England said on Wednesday, forcing the state-rescued lender to raise more cash.

The BoE, revealing its latest stress tests on Britain’s top seven banks, added that two — Barclays and Standard Chartered — also missed key hurdles but had taken steps to strengthen their capital positions. The stress tests, designed to see if the sector can weather a global recession and crashing house prices, found that four out of the seven top banks did not ...

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First Published: Thu, December 01 2016. 00:56 IST
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