Major UK banks pass EU stress tests

RBS, Lloyds, HSBC and Barclays all passed the healthchecks, which assessed whether banks would be prepared for future economic downturns. But Spanish banks Diada, Espiga, Bianca Civica, Unnim and Cajasur all failed, as did German bank Hypo Real Estate and Greece's ATEBank. The banks that did not pass the test will now be required to hold more capital. Banks were assessed on three different scenarios; a benchmark stress, a more adverse macro-economic stress and a country-wide stress. UK banks are already required to meet the FSA's interim capital regime introduced in November 200...