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
It will be a mainly dry day across the UK with sunny spells, and will feel warmer than of late in the lighter winds.
Porn websites have been given a final chance to block under-18s from viewing explicit content or they will risk being shut down.
Dozens of protesters gathered outside the practice of a suburban Minneapolis dentist who killed a protected lion in Zimbabwe.