Economic Shock and Lloyds Bank

Lloyds Bank: The bank has already admitted it has insufficient capital to cope with the most severe economic shock. , according to BBC. Last year, the bank had to be rescued after a 1.5bn black hole was found in its balance sheet following the collapse of its attempt to buy 631 Lloyds Bank branches. The results of the stress tests on eight banks, including the Co-op Bank, are due to be published on 16 December. But Co-op Bank head Niall Booker said that, overall, the bank was much stronger than a year ago. (news.financializer.com). As reported in the news.