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RBS and Standard Chartered came close to failing a big stress test

Dec 1, 2015, 12:54 IST

REUTERS/Marcelo del Pozo

Royal Bank of Scotland and Standard Charted almost failed the Bank of England's 2015 stress tests.

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Despite missing targets, the two banks had just enough emergency capital after being run through a hypothetical economic collapse by the UK's banking regulator.

The Prudential Regulation Authority, a unit of the Bank of England, said the banks won't have to ask investors for more money because they have plans to raise more capital are already underway.

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