Britain's high street banks could incur another £130bn of losses in the next 18 months, ratings agency Moody's warned yesterday, on top of the £110bn hit they have taken on bad loans since the start of the financial crisis in 2007.
Moody's also warned that the sector would be driven by regulation and government intervention as well as demands from the EU for banks in receipt of taxpayer funds to sell off large parts of their businesses, The Guardian reports. Full story...
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