There is no peace for the Royal Bank of Scotland. The Scottish giant nationalized by London after the 2008 crisis has not passed the latest stress tests of the Bank of England.
At this point, RBS must put in place yet another attempt to relaunch: the institute has already announced a capital strengthening project for two billion pounds, which will also be implemented through the sale of assets.
The tests were the most stringent ever carried out and their aim was to gauge the resilience of institutions in the event of a financial crisis, both at the British and global level.
Among the other banks under review, Barclays e Standard Chartered have been promoted with reservations (Bloomberg speaks of "capital inadequacies"), but they will not have to present consolidation plans, while Hsbc, Lloyds, Nation-wide e Santander UK passed the theory test with flying colours.
In general, the Bank of England believes that the national banking system is "well capitalized to support the real economy", and that therefore no "macro-prudential" action is needed.
