RBS And Lloyds Bank Downplay Capital Concerns

Mani

Published onMay 22, 2013

Updated on May 13, 2021

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...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

RBS And Lloyds Bank Downplay Capital Concerns

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