Royal Bank of Scotland Utterly Fails Latest Stress Test
All of this goes to show the global financial ecosystem is primed for an even bigger collapse. Stress tests are being conducted to ensure banks are capable of averting a new economic shockwave. Over in the United Kingdom, several banks are struggling to meet the criteria. In fact, the Royal Bank of Scotland failed the test completely, despite receiving a major bailout by taxpayers eight years ago. Every since the financial crisis took place, the bank has not learned much from prior mistakes. Things are not looking all that positive for the Royal Bank of Scotland right now.Eight years ago,....
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