Seven UK banks to be tested for deep recession

Test for banks: Pedestrians pass automated teller machines outside a Barclays Plc bank branch in London. The bank is one of the seven banks that will undergo a stress BoE test. – Bloomberg

BoE stress test to also feature sharp depreciation of the pound

LONDON: The Bank of England (BoE) will subject the UK’s biggest lenders to a stress test featuring a deep economic slump and a sharp depreciation of the pound as the country prepares for the impact of withdrawal from the European Union.