BoE: UK lenders can withstand disastrous recession
The UK’s biggest lenders are strong enough to withstand a financial earthquake stronger than the one that rocked the City in 2008, the Bank of England’s annual stress test has found.
BoE: UK lenders can withstand disastrous recession
Last Updated: 15 July 2020
Published: 17 December 2019
Britain’s seven biggest banks could keep lending even if UK national income slumped 4.7 per cent, unemployment surged to 9.2 per cent, and world GDP dropped 2.6 per cent, Threadneedle Street said.
Read more at City AM .
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