Britain's banks brace for $22 billion loan losses | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Britain's banks brace for $22 billion loan losses

London

Britain’s banks took a gloomier view than almost all their European peers in their second quarter earnings, as coronavirus fears, Brexit and low interest rates caused them to bake tougher “worst-case” scenarios into their risk models.  Investors had expected a torrid set of half-year results, but Barclays, Standard Chartered, Lloyds, NatWest Group and HSBC fell short of these low expectations, according to Reuters.