BoE finds UK's major banks resolvable without immediate taxpayer funds.

The Bank of England (BoE) says that the UK's top banks, including HSBC, Barclays, Lloyds, Natwest, and others, could be smoothly wound down during a crisis without the immediate need for taxpayer funds. The announcement follows the BoE's second "resolvability" check on the banks, which found that some improvements were needed but no serious issues that would hinder the resolution of a bank during a crisis.

August 06, 2024
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