RBS shares slide after bank fails BoE's 2016 stress test

The 2016 tests, which probed UK banks' resilience to a global recession scenario, also revealed "capital inadequacies" at two other big players - Barclays and Standard Chartered - but, unlike RBS, they were not asked to submit revised capital plans. The Prudential Regulation Authority said: "Based on RBS's own assessment of its resilience identified during the stress-testing process, RBS has already updated its capital plan to incorporate further capital strengthening actions and this revised plan has been accepted by the PRA board. The PRA will continue to monitor RBS's progress against...