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BANK OF ENGLAND: Brits could starting working longer to combat the Brexit squeeze

Business & Finance : Business Insider: Clusterstock

LONDON — The Bank of England on Thursday said that regular Brits could start to work longer hours in order to combat the squeeze on their household finances triggered by the Brexit uncertainty affecting the economy. Within a discuss...

Bank of England says UK lenders could cope with 'disorderly' Brexit — as all banks pass stress tests for the first time

Business & Finance : Business Insider: Clusterstock

All seven of the UK's biggest lenders pass the Bank of England's 2017 stress test. 2017 marks the first time all banks have passed since the introduction of the tests four years ago. "The 2017 stress test shows the UK banking system...

Bank of England to Raise Bank Capital Buffer as Safeguard

Business & Finance : DealBook

The buffer is intended to ensure that British banks can provide lending and other essential banking services during times of financial stress.

Bank of England records no dissent over lowering bank capital buffer after Brexit vote

Business & Finance : Business Insider: Clusterstock

LONDON, (Reuters) - No Bank of England policymakers objected to a decision to cut banks' capital requirements at a meeting in the wake of Britain's vote to leave the European Union, a record of their meeting showed on Tuesday. Last ...

UK Banks Can Withstand "Disorderly Brexit" But Need Additional £6BN; $35 Trillion In Derivatives Affected

Business & Finance : Zero Hedge

For the first time since it (belatedly) began conducting stress tests in 2014, none of the UK’s major banks need to raise additional capital. More importantly, the Bank of England and the system could withstand a disorderly Brexit. ...

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