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RBS fails UK stress test

  London / AFP The Royal Bank of Scotland is the worst prepared among Britain’s lenders for another financial crisis, the Bank of England said on 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 ...

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Islamic bank Al Rayan forays into Scotland

  Reuters Al Rayan Bank is expanding its product range and adding an office in Scotland, its top executive said, after a year of strong growth for Britain’s only Islamic retail lender despite uncertainty stemming from Brexit. Islamic retail banking is still a rarity in the West, but the experience of Al Rayan could encourage other Islamic banks to explore ...

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Banks risk post-Brexit property turbulence: BOE

  Bloomberg Falling commercial real estate prices after the U.K.’s vote to leave the European Union pose a threat to bank stability because of the market’s reliance on foreign capital, Bank of England said. Values have declined 2.6 percent since the referendum and may drop further from their current high levels, according to the central bank’s twice-yearly assessment. Continuing declines ...

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