Prudential Regulatory Authority Estimates Top UK Banks Need £26 Billion Capital

The U.K.’s banking regulator, the Prudential Regulatory Authority, has identified a £26 billion capital shortfall across Britain’s largest banks, according to a Financial Times report.

Quoting people familiar with the issue, Patrick Jenkins, Banking Editor of the Financial Times, reports that the Royal Bank of Scotland Group plc (NYSE:RBS) (LON:RBS) would need £10 billion – £12 billion, Lloyds Banking Group PLC (NYSE:LYG) (LON:LLOY) would need £8 billion to £9 billion, while Barclays PLC (NYSE:BCS) (LON:BARC) would require £3 billion to...