UK banks expected to pass EU stress tests
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The UK’s major banks are expected to have passed the latest round of European Union stress tests ahead of the European Banking Authority publishing results later today.
Out of 90 banks across Europe stress tested by the EBA between 10 and 15 are thought to have failed, according to The Daily Telegraph.
Greek, German and Spanish savings banks are believed to be among the banks that failed.
All of the UK’s major banks, including state-backed banks Lloyds Banking Group and Royal Bank of Scotland, are believed to have passed.
The stress test results are to be published at 5pm today.
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