Banks' capital shortfall topped £27bn, PRA finds

Royal Bank of Scotland had the biggest hole to fill, the PRA said, accounting for £13.6bn of the total, while Lloyds Banking Group needed to find £8.6bn and Nationwide £400,000. Barclays has said it is confident it will find the additional capital it requires - £3bn in its case - by the end of the year. Following a meeting of the Financial Policy Committee in March, it was determined banks should hold capital equivalent to at least 7% of their risk weighted assets, using the Basel III definition, by the end of the year. The PRA had assessed the capital positions of eight major UK b...