FIRST AIRED: November 30, 2016

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>> Job losses and branch closures feared at Royal Bank of Scotland, the only one of seven British lenders not to pass the Bank of England stress test. Forced to make up a shortfall of around 2 billion Pounds. Reuters' Lawrence White explains.>> So, RBS's plan to do this is, basically, to sell off assets that it doesn't need, and to further cut costs.
So, we can probably expect a pretty big round of restructuring coming from the bank soon, could include more branch closures, could include more job cuts.>> The stress test and annual health check on the British banking system probing to see how lenders would cope if there was a sudden sharp economic shock.
The message for people at home, don't panic.>> RBS has only missed by a small amount. It should be able to meet its capital shortfall through the plan that it's already agreed with the bank. So it's very much don't panic, but a message that the bank still has more to do to recapitalize itself fully.
>> The failure coming as a shock to analysts. Obvious troubled past is again coming back to haunt it.>> These are conduct problems stemming from its behavior during the financial crisis. And it needs to resolve those legal issues and complete the disposal of its Williams & Glyn branches before it can really start mending itself and returning capital.
>> A mixed bag for other banks HSBC, Loyd Santander and Nationwide passing comfortably. Barclays and StanChart falling short of some test targets. Overall, Bank of England boss Mark Carney says the banking system should be ready for any big shock.