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
CXO of the Year 2015Utah Business Event
Jun 25, 2015
Utah Business Magazine along with Stoel Rives - are proud to present the 2015 CXO of the Year Awa...
Fast 50 - NOMINATIONS OPENUtah Business Event
Aug 27, 2015
NOMINATIONS OPEN -- Deadline June 26, 2015 Nomination Forms The top 50 companies will be se...
Job Summit - POSTPONED UNTIL FALL 2015 Utah Business Event
Sep 24, 2015
NOTE: The date listed below is not secured. We will update as the event gets closer. Thank you ...
Community Events View All
Java Programming Language Part 1
May 28, 2015
The Java programming language has attracted an active community of over four million software dev...
Cottonwood Heights Business Boot Camp Series
May 28, 2015
Boots on the Ground: Marketing/Social Media 101—Asenath Horton, founder of The City Launch, will ...

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