UK bank pass annual stress tests, says BoE
NATWEST GROUP
395.50p
16:44 20/12/24
Eight major UK banks have passed annual capital stress tests and were well positioned to support households and businesses through a period of rising interest rates, the Bank of England said on Wednesday.
Banco Santander
€4.36
18:15 20/12/24
Banks
4,811.97
17:14 20/12/24
Barclays
260.25p
17:15 20/12/24
DJ EURO STOXX 50
4,862.28
00:00 21/12/24
FTSE 100
8,084.61
17:04 20/12/24
FTSE 350
4,463.29
17:14 20/12/24
FTSE All-Share
4,421.11
17:04 20/12/24
HSBC Holdings
760.80p
17:09 20/12/24
IBEX 35
11,467.30
18:44 20/12/24
IBEX TOP DIVIDENDO
3,087.70
18:44 20/12/24
Lloyds Banking Group
54.20p
16:40 20/12/24
Standard Chartered
972.00p
16:34 20/12/24
Virgin Money Holdings (UK)
349.30p
16:34 12/10/18
The examination checked if the lenders were holding enough reserves of cash banks to withstand shocks bigger than the global financial crisis of 2008 caused by malfeasance in the industry, leading to taxpayer bailouts for some lenders, including Royal Bank of Scotland, Lloyds and NatWest.
The scenario incorporated “persistently higher advanced economy inflation, increasing global interest rates, deep simultaneous recessions with materially higher unemployment in the UK and global economies, and sharp falls in asset prices”, the BoE said.
The lenders were Barclays, Lloyds, HSBC, NatWest, Santander UK, Standard Chartered, Nationwide Building Society and Virgin Money.
Reporting by Frank Prenesti for Sharecast.com