Britain’s largest banks Royal Bank of Scotland Group plc (NYSE:RBS) (LON:RBS) and Lloyds Banking Group PLC (NYSE:LYG) (LON:LLOY) today announced that they will not need to raise fresh capital from investors. In March, Bank of England’s Financial Policy Committee indicated that the U.K. banking sector had a £25 billion capital shortfall. It was widely believed that some £9 billion would be attributable to Royal Bank of Scotland Group plc (NYSE:RBS) (LON:RBS) and Lloyds Banking Group PLC (NYSE:LYG) (LON:LLOY). The British government holds 81 percent stake in Royal Bank of Scotland Group plc (NYSE:RBS) (LON:RBS) while it holds a 39 percent stake…
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