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UK's 4 biggest lenders pass central bank stress tests

Wednesday, December 17, 2014 - 05:50
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The tests, conducted on a total of eight British banks and building societies, sought to assess their resilience to a very severe housing market shock and to a sharp rise or drop in interest rates.

London

BRITAIN'S four biggest lenders have passed the Bank of England's (BOE) stress tests, which are designed to show their ability to withstand a new economic crisis, the central bank said on Tuesday.

Barclays, HSBC, Royal Bank of Scotland (RBS) and Lloyds Banking Group, are