Regulator sees need for more capital at some UK banks

03/14/2013 | Reuters · Guardian (London), The

Andrew Bailey, head of the UK Prudential Regulation Authority, has told Parliament's Treasury Select Committee that some banks need more capital. "I agree there is a need to strengthen the capital position," Bailey said. He declined to go into detail but said he has not requested a capital injection for Royal Bank of Scotland or Lloyds Banking Group.

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Reuters · Guardian (London), The

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