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ARE BRITAIN'S BANKS STRONG ENOUGH




Are Britain's banks strong enough for coronavirus?


Recently the share prices of the UK's largest banks have collapsed, in common with those of many other companies.


Banks such as RBS, Barclays and HSBC have seen their share price fall to levels not seen since the 2008 financial crisis.


Some market-watchers suspect the sellers know something we don't, but others suggest the banks are in fact much stronger compared with 12 years ago.


The Bank of England has said the banks should be strong enough to weather a 30% contraction in the UK economy.


But someone who would have liked the banks to have been stronger entering the crisis is Sir John Vickers, the man who was charged with constructing a safety plan for Britain's banks in the wake of the financial crisis.


Read full article here: https://www.bbc.co.uk/news/business-52691369


An article by bbc.co.uk

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