British banks can cope with Covid-19 and Brexit, BoE assures
The Bank of England says HSBC, Barclays and other major lenders have sufficient capital to absorb losses in the coming months
11 December 2020 - 16:10
London — Britain’s biggest banks are strong enough to weather the double-blow from the pandemic and Brexit, the Bank of England (BoE) concluded in its latest health check even as it warned of disruption if the transition period ends without a deal.
The BOE said HSBC, Barclays and other major lenders have sufficient capital to absorb losses in the coming months and the UK financial system can cope with the fallout from Brexit even without a trade agreement...
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