7:49 am, Thu 20 Jun 2013
Five of Britain's biggest lenders have raised half the money needed in reserve to cover their risks,with
Barclays, Lloyds Banking Group and Royal Bank of Scotland accounting for more than 90% of the shortfall, the City regulator revealed: State-backed RBS must raise
£13.6 billion Tax-payer owned Lloyds needs to boost its balance sheet by
£8.6 billion Barclays needs to find
£3 billion The Nationwide building society is facing a
£400 million shortfall The Co-operative's shortfall of
£1.5 billion had already been announced
HSBC, Standard Chartered and Santander UK do not need to bolster their capital cushions, the PRA said.
7:21 am, Thu 20 Jun 2013
The Prudential Regulation Authority has revealed a £27.1 billion capital shortfall among at five banks.
In March, the Bank of England warned they would need to raise £25 billion to protect themselves against a "black hole" as big as £50 billion.
The 'black hole' is made up of the shortfall at eight UK banks.
Credit: Stefan Rousseau/PA Wire
The "black hole" is the shortfall in the banking sector's reserve funds that are needed as a cushion against future crises.
Read more: The Bank of England's 'black hole' number crunching
7:09 am, Thu 20 Jun 2013
A capital shortfall of £27.1 billion has been identified at eight UK banks, the Prudential Regulation Authority (PRA) said.
RBS has a shortfall of £13.6 billion
Lloyds has a shortfall of £8.6 billion
Barclays has a shortfall of £3 billion
7:05 am, Thu 20 Jun 2013
A capital shortfall of £27.1 billion has been identified at eight UK banks, the Prudential Regulation Authority said.