Co-op Bank fails Bank of England stress tests

[Legal Beagles]

The Co-operative Bank has failed a “stress test” by the Bank of England that assessed major UK lenders’ ability to withstand another financial crisis. A further two banks – Lloyds Banking Group and Royal Bank of Scotland – were found to be at risk in the event of a “severe economic downturn”. The Bank of […]

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[Wombats]

Re: Co-op Bank fails Bank of England stress tests

For severe economic downturn I think one should read 'total economic meltdown' having seen the criteria.