''In its Financial Stability Report (FSR), the Bank revealed that the big four
lenders - RBS, Lloyds, Barclays and HSBC - may need to take £15bn of extra
provisions on consumer loans and European debt, “a further £4bn-£10bn” to
cover fines and customer compensation, and “between £5bn and £35bn” to meet
regulatory risk standards.
Sir Mervyn King, the Bank’s Governor, said the potential losses distorted the “picture of banks’ health” and that lenders may have to “raise capital or take steps to restructure”. He added: “The danger to be avoided is that of inadequately capitalised banks holding back our recovery.''
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