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| Name | Symbol | Market | Type |
|---|---|---|---|
| Royal Bank of Scotland Group PLC | NYSE:RBS | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 3.09 | 0 | 01:00:00 |
From Apr 2019 to Apr 2024
LONDON—The Bank of England Tuesday said it would ease pressure on U.K. banks to hold more capital, drawing a line under years of post-crisis reforms aimed at making the banking sector safer.
The central bank said that capital requirements wouldn't continue to creep up in coming years stating that lenders needed to hold Tier 1 equity of 11% of risk adjusted assets by 2019, a target that most banks have nearly already hit.
The announcement came as the Bank of England issued the results of its latest U.K. bank stress test. The Royal Bank of Scotland Group PLC and Standard Chartered PLC both failed aspects of the balance sheet check but the central bank stopped short of forcing them to raise more capital.
Write to Max Colchester at max.colchester@wsj.com, Jason Douglas at jason.douglas@wsj.com and Margot Patrick at margot.patrick@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
December 01, 2015 02:35 ET (07:35 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
1 Year Royal Bank of Scotland Chart |
1 Month Royal Bank of Scotland Chart |
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