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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
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UK lenders can withstand recession
  • Shared by CityAM
  • December 17, 2019
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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.

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