Bank of England says all seven major UK banks pass 2015 stress tests
Standard Chartered and Royal Bank of Scotland escaped having to raise additional capital
Standard Chartered and Royal Bank of Scotland escaped having to raise additional capital in the Bank of England’s latest stress test, even though they fell short in some parts of the assessment.
RBS failed to meet its individual-capital guidance in the examination, based on end-2014 data, the BOE’s Prudential Regulation Authority said. Standard Chartered did not meet its Tier 1 minimum capital ratio, a measure of financial strength.
The BOE said Standard Chartered’s ...