Nov 2, 2018
Barclays, Lloyds and NordLB worst performers in EU’s bank stress tests
British banks Barclays and Lloyds Banking Group joined Germany's Norddeutsche Landesbank as the worst performers in the EU's banking stress tests, which nevertheless found that the region's top 48 banks had enough capital to withstand the stormiest of Brexit consequences. While there is no pass-fail in the European Banking Authority's stress tests of banks' balance sheets, the results are important because supervisors use them to calculate whether banks need to have more capital, or whether they are allowed to pay dividends. Barclays and Lloyds, as well as Royal Bank of Scotland, were among those that suffered the biggest deteriorations in their key capital ratios - known as their fully loaded common equity tier one ratio. The results of Europe's largest 48 banks were published on Friday by the EBA. A parallel but confidential exercise has been conducted by the European Central Bank on smaller eurozone banks. The results for Greek banks were published in May. The EBA uses a snapshot of lenders' balance sheets from December 2017, meaning that any actions taken by the banks since then to shore up their capital are not taken into account.
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