Bank of England brings forward annual stress tests as Threadneedle Street grows anxious over lenders’ exposure to consumer creditThe Bank of England is to force banks to hold more capital in the face of rapid growth in lending on credit cards, car finance and personal loans.The intervention by Threadneedle Street, which could amount to banks needing £11.4bn of extra capital in the next 18 months, is one of a number of measures intended to protect the financial system from the fast pace of growth in consumer finance. Continue reading…
Source : theguardian.com
Read more…UK banks ordered to hold more capital as consumer debt surges















