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Royal Bank of Scotland fails UK stress test

Royal Bank of Scotland is 73-percent government owned after receiving an enormous bailout at the height of the global financial crisisThe Royal Bank of Scotland is the worst prepared among Britain’s lenders for another financial crisis, the Bank of England said Wednesday, forcing the state-rescued lender to raise more cash. The BoE, revealing its latest stress tests on Britain’s top seven banks, added that two — Barclays and Standard Chartered — also missed key hurdles but had taken steps to strengthen their capital positions. The stress tests, designed to see if the sector can weather a global recession and crashing house prices, found that four out of the seven top banks did not have capital inadequacies based on their balance sheets at the end of 2015.

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