4.5 of Britain ’s largest lenders have struggled in stress tests as Standard Chartered warned of “elevated” risks after the Brexit vote. HSBC must bolster its balance sheet by £ 2bn after failing the stress tests. Two other lenders - Barclays and Standard Chartered - also fell short on some measures but will not have to submit revised capital raising plans. Barclays and Santander also fell short on some measures but will not have to raise further capital. This test, the third since the financial crisis, was the most severe yet. Results of the stress test were published alongside the BoE ’s latest Financial Stability Report which indicated Britain ’s banks face a “challenging outlook” due to Brexit and Trump . HSBC , Lloyds , Nationwide and Santander UK did not reveal any shortcomings in the stress test. Mark Carney says that banks are more resilient now than prior to the financial crisis, but that HSBC remains susceptible to stress following misconduct costs it still faces due to its behaviour during the financial crisis.
4.5 of Britain ’s largest lenders have struggled in stress tests as Standard Chartered warned of “elevated” risks after the Brexit vote. HSBC must bolster its balance sheet by £ 2bn after failing the stress tests. Barclays and Santander also fell short on some measures but will not have to raise further capital. This test, the third since the financial crisis, was the most severe yet. Results of the stress test were published alongside the BoE ’s latest Financial Stability Report which indicated Britain ’s banks face a “challenging outlook” due to Brexit and Trump . HSBC , Lloyds , Nationwide and Santander UK did not reveal any shortcomings in the stress test. Mark Carney says that banks are more resilient now than prior to the financial crisis, but that HSBC remains susceptible to stress following misconduct costs it still faces due to its behaviour during the financial crisis.