Lloyds, RBS, Barclays and HSBC can handle Brexit risks, Bank of England's stress test reveal
All UK lenders passed the central bank’s test for being able to withstand another financial crisis
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Barclays is a global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management. It operates through branches, offices and subsidiaries in the United Kingdom and overseas.
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All UK lenders passed the central bank’s test for being able to withstand another financial crisis
Investments and investor services
London's FTSE 100 closed the day sharply higher, up over 1% to 7,460
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Day ahead to include latest BoE stress test results from UK banks, and updates from specialty retailers Topps Tiles and Pets at Home
The key takeaway for Lloyds will be the extent to which a net drawdown implies a Pillar 2B capital requirement
Around 3.10pm, the FTSE 100 index was down about 6 points at 7,411, below the day’s peak of 7,425.19, but above the low of 7,389.54
Lloyds's shares were changing hands at a rate of knots, while the house-builders saw some of their recent handsome gains creamed off
The government-backed savings provider said rates will rise across its variable product range in a "welcome boost" to savers
Barclays third quarter results were a "clear disappointment" but it has a number of tailwinds that are not being priced in, according to Deutsche Bank
“Banks have rebounded strongly since the dust settled on the fallout from the UK’s EU membership referendum. However, we see the risk as being more balanced over the next couple of quarters”
The blue-chip index finished the day above the 7,500 level
Barclays' shares took a spanking today, with the stock tumbling by almost 7%, chopping around £2bn from the bank’s market value
Barclays is separating its UK division from the group to meet ring-fencing reforms
The UK blue chip index closed down over 39 points at 7.486.
Michael Hewson, chief market analyst at CMC Markets UK pointed out that, while leaving its PPI provisions unchanged, Lloyds increased its impairment provision in the third quarter to £270mln, which was slightly above what markets had been e
Much like Lloyds, Barclays has had to set aside provisions for PPI claims.
Barclays has the "most attractive" UK business among its peers, according to Berenberg
The week ahead includes third quarter earnings from Lloyds, Barclays and RBS along with trading updates from Shire, IAG and GSK
A look at some of the biggest risers and fallers today in London
Current owner Mike Ashley put the club up for sale earlier this week and is thought to want more than US$500mln
Virgin Money expects to reach its target of £3bn in card card balances by the end of 2017 as consumer lending in the UK continues to boom