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Regulator says Lloyds and RBS can meet capital requirement

The two banks are given a pass by regulators to fill their multi-billion-pound capital holes through earnings and asset sales, without issuing new shares

British regulators are letting Royal Bank of Scotland and Lloyds Banking Group fill multibillion-pound capital deficits with future earnings and by selling assets, rather than forcing them to sell shares or to accept fresh government aid.

Lloyds Banking Group said it can comply with a directive from the UK regulator to improve its capital position.

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