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Co-Operative fails BOE stress test; RBS, Lloyds barely pass

All other banks clear the test which took place during a series of financial-stability exams across EU

Co-Operative Bank, which signalled earlier in December it would flunk the stress test, says it will try to cut residential mortgage assets and doesn't expect to be profitable before 2017.


CO-OPERATIVE Bank failed the Bank of England's (BOE) first public stress test of the country's lenders as Royal Bank of Scotland (RBS) and Lloyds Banking barely passed.

Co-Operative said it plans to cut an additional £5.5 billion (S$11.27 billion) of assets by 2018, while