The U.K.’s banking regulator, the Prudential Regulatory Authority, has identified a £26 billion capital shortfall across Britain’s largest banks, according to a Financial Times report. Quoting people familiar with the issue, Patrick Jenkins, Banking Editor of the Financial Times, reports that the Royal Bank of Scotland Group plc (NYSE:RBS) (LON:RBS) would need £10 billion – £12 billion, Lloyds Banking Group PLC (NYSE:LYG) (LON:LLOY) would need £8 billion to £9 billion, while Barclays PLC (NYSE:BCS) (LON:BARC) would require £3 billion to £5 billion. Last week, The Co-operative Bank has announced its rescue plan to plug the £1.5 billion ($2.4 billion) hole…
Prudential Regulatory Authority Estimates Top UK Banks Need £26 Billion Capital
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports