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Central bank restricts 'stress tests' to largest UK retail banks

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Mr Carney says the UK needs banks that can weather shocks without cutting lending to the real economy.

London

BRITAIN'S smaller lenders and British units of foreign investment banks will escape the Bank of England's annual "stress tests" of their resilience to financial shocks, the central bank said on Wednesday.

The BoE said it preferred to maintain its focus on major banks which

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