Taxpayer-owned Royal Bank of Scotland has been revealed as the worst performer in the Bank of England’s annual health check of the UK banking system.
The Guardian reports that, following its failure in the Bank of England stress test, RBS has published a plan designed to bolster its financial strength by an estimated £2 billion.
Barclays and Standard Chartered also struggled in the stress tests, which are based on hypothetical scenarios including house prices falling and the global economy contracting by 1.9 per cent. However, Barclays has a plan in place to strengthen its financial position. Standard Chartered said it has not needed to take any action.
Sleep deprivation and its cost to the economy
Workers who struggle to sleep are costing the UK economy £40 billion a year, according to a new report. They also face a higher risk of death.
The calculation is based on sleep-deprived employees being less productive or absent from work altogether, the BBC reports.
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