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
PR Spring ConferenceUtah Business Event
May 7, 2015
Join your Utah colleagues from Utah Business, PRSA & IABC for this important, 1-day event that in...
30 Women to WatchUtah Business Event
May 21, 2015
Utah Business Magazine along with Snell & Wilmer are proud to announce the 18th annual 30 Women T...
CXO of the Year 2015 - NOMINATIONS NOW OPEN!Utah Business Event
Jun 25, 2015
NOMINATIONS NOW OPEN_______DEADLINE TO ENTER: April 28, 2015 Nomination Forms Utah Busin...
Community Events View All
LEAD2015.com
Mar 30, 2015
LEAD is a way to hit the Re-Start Button: a two-day leadership conference featuring 22 hand-selec...
Introduction to Human Resource Management 5-day Certificate Program
Mar 31, 2015
Brand new for 2015! Our newly redesigned Introduction to Human Resource Management Certificate P...

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