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BoE says British banks ready for no-deal Brexit, trade war

FILE PHOTO: A bus passes the Bank of England in London
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LONDON (Reuters) - British banks hold enough capital to cope with a no-deal Brexit and a global trade war simultaneously, the Bank of England said on Thursday, although a disruptive Brexit would still cause major turbulence for financial markets and the economy.Bank of England Governor Mark Carney also flagged ongoing concerns about illiquid investment funds, liquidity shocks, crypto-currencies..
Date Published: Jul 11, 2019
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