Bank of England cancels stress test of banks over coronavirus

LONDON (Reuters) - The Bank of England cancelled this year's stress test of major banks on Friday and said it may be hard to implement new global capital rules on time given the focus now on supporting lending to customers hit by the coronavirus epidemic.The decision to scrap the stress test of the country's top eight banks followed a decision by the European Union to cancel its planned health check of leading lenders, which had also included top UK players like Barclays and HSBC."The recent..