H/t reader squodgy:
“I think we should all pool our savings and help these poor people.”
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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