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RBS is biggest failure in stress test by Bank of England

Published Wed, Nov 30, 2016 · 09:50 PM

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London

THE Royal Bank of Scotland is the worst prepared among Britain's lenders for another financial crisis, the Bank of England said on Wednesday, forcing the state-rescued lender to raise more cash.

The BOE, revealing its latest stress tests on Britain's top seven banks, added that two - Barclays and Standard Chartered - also missed key hurdles but had taken steps to strengthen their capital positions.

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