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Bank of England says UK lenders could cope with ‘disorderly’ Brexit — as all banks pass stress tests for the first time





London, City

  • All seven of the UK’s biggest lenders pass the Bank of England’s 2017 stress test.
  • 2017 marks the first time all banks have passed since the introduction of the tests four years ago.
  • “The 2017 stress test shows the UK banking system is resilient to deep simultaneous recessions in the UK and global economies, large falls in asset prices and a separate stress of misconduct costs,” the BoE said.

  • Banks would be OK, even in the event of a “disorderly” Brexit, according to the BoE.

LONDON – Britain’s major banks all passed the Bank of England’s annual stress tests for the the first time read more >>>

Source:: BusinessInsider.Com

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