RBS biggest failure in Bank of England stress test

Image copyright Getty Images RBS is the worst prepared of the UK"s biggest lenders to cope with another financial crisis, Bank of England (BoE) stress tests have found.
The results forced RBS to devise plans to bolster its balance sheet by £2bn through cost cuts and shedding assets.
Under the “very severe” tests, banks had to be able to handle a house price crash in the UK and a global recession.
The BoE found Barclays and Standard Chartered also missed key hurdles but had already taken steps to cope.
RBS, which is still 73% owned by the government after its bailout during the 2008 financial crisis, said it had “agreed a revised capital plan… to improve its stress resilience”.
It said the change came “in light of the various challenges and uncertainties facing both the bank and the wider economy highlighted by the concurrent stress testing process”.
"Action taken"RBS submitted the new plan to the Bank after running its own internal tests and finding its balance sheet ..

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RBS worst hit in Bank of England stress test

Image copyright Getty Images RBS has missed key hurdles in a Bank of England stress test, forcing it to devise new plans in case of a financial crisis.
The toughest stress test yet measured the UK"s seven biggest lenders against a global economic crash.
RBS performed the worst and was forced to draw up a new capital plan, which has been accepted.
The bank said it had “agreed a revised capital plan… to improve its stress resilience”.
It said the change came “in light of the various challenges and uncertainties facing both the bank and the wider economy highlighted by the concurrent stress testing process”.
"Action taken"RBS, which is still 73% owned by the government after its bailout in 2008, submitted the new plan to the Bank of England (BoE) after running its own internal tests and finding its balance sheet would fall short.
The bank said the test applied a hypothetical adverse scenario to the group"s balance sheet as at 31 December 2015, and that it had taken..

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