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>> ROYAL BANK OF SCOTLAND Latest News

AUG 28, 2013 - MarketWatch

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U.K. banks rise after BOE eases liquidity rules

LONDON (MarketWatch) -- U.K. banks erased earlier losses and moved higher in afternoon action on Wednesday, after the Bank of England said it would ease its liquidity requirements for banks. Governor Mark Carney said in a speech in Nottingham that banks meeting the minimum 7% capital threshold will be able to reduce the level of required liquid asset holdings. Such a move should free up 90 billion pounds ($139 billion) of credit for households and businesses. Shares of Barclays PLC rose 1.4%, Lloyds Banking Group PLC gained 1.4% and Royal Bank of Scotland Group PLC picked up 0.9%. The ... Read More

Tags: U.K. banks rise after BOE eases liquidity rules,  Royal Bank Of Scotland Latest News