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Bank of England says coronavirus tougher than banks' stress test

FILE PHOTO: The spread of the coronavirus disease (COVID-19) in London
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LONDON (Reuters) - The shock from coronavirus to banks is set to be greater but less prolonged than lenders faced in last year's stress test and the financial system remains resilient, the Bank of England said on Tuesday."Major UK banks are well able to withstand severe market and economic disruption," the BoE's Financial Policy Committee said in a statement from meetings it held on March 9 and..
Date Published: Mar 24, 2020
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