British banks await 'stress test' results

The British banking sector faces a moment of truth today when European regulators reveal the keenly-awaited results of stress tests for 91 banks, including Britain’s big four players.

The Committee of European Banking Supervisors (CEBS), the London-based umbrella body for Europe’s financial regulators, was publishing the findings of its exercise designed to restore confidence in the wake of the financial crisis at 5pm.