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Bad Brexit Scenario Mars All-Bank Pass in BOE’s Stress Tests
LONDON (Capital Markets in Africa) – British banks may have unanimously passed Bank of England stress tests, but that clean bill of health came with concern about a messy Brexit, courtesy of Governor Mark Carney. The central bank told lenders to add another 6 billion pounds ($8 billion) to their capital buffers and may increase their requirements again next year because it’s worried that the combination of a no-deal Brexit without a transition period and a global…
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