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.
More top news
Government to press ahead with plans to allow local councils to extend trading hours on Sundays.
Police used pepper spray and batons to break up a large crowd of protesters in Hong Kong - the worst street violence since 2014.
The widow of an Islamic State leader has been charged with conspiracy in the death of US hostage Kayla Mueller.