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Stock impact report

UK's Biggest Banks Show Resilience in Latest BOE Stress Test [Yahoo! Finance Canada]

Barclays PLC (BCS) 
test, which examined their resilience to an economic shock worse than the global financial crisis. The firms would have enough capital to continue lending through strains to the economy, according to the results published on Tuesday. All the lenders were expected to pass the tests. The central bank also cut its estimate of how much capital the UK's banking sector needs for the first time in a decade, and signaled a consultation that could free up extra lending and higher payouts to shareholders. Most Read from Bloomberg The results indicate that “the UK banking system would be able to continue to support the economy even if economic conditions turn out materially worse than expected, enabling it to contribute to long-term sustainable economic growth,” the BOE said in its report. The UK's monetary authority introduced such regular testing in 2014 in the aftermath of the global financial crisis to check if the sector had enough capital to withstand economic difficulties. The stu Show less Read more
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