British banks warn on Brexit

Britain’s banks all avoided bills for more capital in annual stress tests for the first time since 2014, but the Bank of England warned of pain ahead if there is no Brexit deal and said the country’s current account deficit posed a big risk.

Britain’s banks all avoided bills for more capital in annual stress tests for the first time since 2014, but the Bank of England warned of pain ahead if there is no Brexit deal and said the country’s current account deficit posed a big risk.

High-street banks could cope with a “disorderly” Brexit without curbing lending or being bailed out by taxpayers, the Bank of England said after its annual health check on lenders.