Major UK banks would be able to withstand a disorderly Brexit process, although a few have struggled with lingering problems, according to the results of the Bank of England’s latest stress tests published today (November 28).
For the first time since 2014, none of the seven lenders needed to strengthen their capital positions in an economic scenario “more severe than the global financial crisis”, said the BoE. “The UK banking system is resilient to deep, simultaneous recessions in the UK and g
- Bank of Mexico admits $15.2 million went missing in cyber heist
- Is this the beginning of a new era of credit risk management technology?
- BoE research says digital currency would ‘strengthen’ policy transmission
- Argentina rescue advances as emerging markets suffer outflows
- Artificial intelligence: The future of regulation?