Top UK lenders could be wound down in a crisis without bailouts, BoE checks show

 Britain’s top eight banks including HSBC, Barclays, Lloyds and NatWest could be wound down in a crisis without the immediate need for taxpayer cash, the Bank of England said on Tuesday following its second ‘resolvability’ check of the lenders.

Being able to “resolve” or close down an ailing bank without destabilising the financial system or calling on taxpayers was a core lesson from the global financial crisis of 2007-09, when many lenders had to be rescued with public money.

Source: REUTER