News Artcle

BOE: U.K. banks are short £27.1 billion

Published June 20, 2013

LONDON (MarketWatch) -- The Bank of England said Thursday that the U.K.'s top banks had a capital shortfall of £27.1 billion ($41.96 billion) at the end of 2012. The Prudential Regulation Authority, which supervises banks, looked at eight institutions and found five need to step up their restructuring and selloff of assets to reach the 7% core capital buffer it requires. The five banks need to find another £13.4 billion to add to existing plans to raise £13.7 billion. Lloyds Banking Group [S: UK:LLOY] has the biggest gap and must find £7 billion, while Royal Bank of Scotland Group [S: UK:RBS] is looking at £3.2 billion, and Barclays PLC [S: UK:BARC], £1.7 billion. Nationwide's existing capital plans are sufficient, the PRA said, while HSBC Holdings PLC , Banco Santander SA [S: es:san] and Standard Chartered PLC [S: uk:stan] do not have a shortfall.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

[ read more ]
Utah Business Social
UB Events View All
Content Marketing BootcampUtah Business Event
Oct 28, 2014
Please join Utah Business Magazine and Adobe, along with our other sponsors: Boostability, Right ...
Sustainable Business Awards 2014Utah Business Event
Nov 13, 2014
Utah Business magazine along with presenting sponsor Big D Construction, is pleased to announce t...
Best Companies to Work For 2014Utah Business Event
Dec 11, 2014
Utah Business magazine along with our sponsors Diversified Insurance and Miller Motor Sports Park...
Community Events View All
St. George Book Festival - The Writer's Journey: One-Day Workshop
Oct 24, 2014
Come enjoy this one-day conference designed to give authors and aspiring authors the opportunity ...
Sandler Management Solutions
Oct 24, 2014
Who Should Attend? If you are an owner or manager, you know that your job is one of the most d...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel