The UK Treasury painted a downbeat picture for the UK economy in the event of a no-Brexit deal but was surpassed by an even more pessimistic prognosis from the Bank of England. Still, all major UK banks passed the latest annual stress tests assuming a worst case scenario, highlighting significantly enhanced capital positions.
Chief Economist’s Weekly Briefing – Contagion
Italy’s banking sector problems, building financial risks facing the UK and the prospect of higher rates in the US. The year may be drawing to a close but there will be plenty to keep minds focused in 2017. Continue reading