Shares in the Royal Bank of Scotland are down nearly 3% this morning, after it emerged the bank had failed the Bank of England's latest stress tests.
RBS has been forced to boost its capital plan after failing the latest stress tests by the Bank of England, which tested banks' resilience to a global recession scenario. The Bank's latest tests also revealed some "capital inadequacies" at two other banks - Barclays and Standard Chartered - but they were not asked to submit revised capital plans, unlike RBS. The Prudential Regulation Authority said: "Based on RBS's own assessment of its resilience identified during the stress-testing process, RBS has already updated its capital plan to incorporate further capital strengthening ac...
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