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RBS, StanChart found to be weakest

Royal Bank of Scotland and Standard Chartered Bank have been identified as the weakest among the seven top banks in Britain. The ranking has been done through a stress test conducted by Bank of England recently. This is for the second year that the central bank has subjected the country’s biggest lenders to tests to measure whether they would survive a financial shock. Out of the seven banks tested, RBS and Standard Chartered were found not to have enough capital strength, but both took steps to raise capital, so were not told to come up with a new plan.

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