British banks pass BoE stress tests


SUBMITTED BY: mbza11

DATE: Dec. 1, 2015, 11:10 a.m.

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  1. Britain's top seven lenders have passed the Bank of England's stress tests, the central bank said Tuesday in its latest health check on the sector. The BoE's Prudential Regulation Authority (PRA) watchdog concluded that the sector has adequate capital to survive a "severe" shock. The PRA tested the impact of a sharp slowdown in Chinese economic growth, a shrinking eurozone economy, and slumping commodity prices with oil tumbling to $38 per barrel.

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