British Banks Are Healthy Enough to Handle a Chaotic Brexit
British Banks Are Healthy Enough to Handle a Chaotic Brexit
The U.K.’s banking system is strong enough to ride out the shock of a disruptive Brexit, the Bank of England said Wednesday, clearing the way for bigger payouts to shareholders in the coming months.
None of the seven major banks tested need to strengthen their capital levels as a result of a central bank stress test, which modeled the sort of severe economic shock associated with the most chaotic “no deal” departure from the European Union.
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