H/t reader squodgy:
“I think we should all pool our savings and help these poor people.”
– RBS fails Bank of England stress test:
Standard Chartered and Barclays would also need more capital if the economy deteriorated
The Royal Bank of Scotland (RBS) has failed key hurdles in a Bank of England stress test, forcing the lender to draw up new plans in case of a financial crisis.
The toughest stress test yet assessed how the UK’s seven biggest lenders would cope with hypothetical scenarios including a recession, a housing crash and a halving of the oil price.
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