Lloyds Bank says it will set aside another £750m for compensation for mis-sold personal protection insurance (PPI), taking the total to £8bn. . . .
Chief executive has changed his tune six months after saying a deal for Lloyds’ fund management arm was ‘extremely unlikely’ . . .
Alongside a speech by the Governor, the Bank of England has today announced changes to its approach to providing liquidity insurance to the banking system. . .
http://www.bankofengland.co.uk/publications/Pages/news/2013/124.aspx
Stress-testing is an important tool in developing a complete picture of an institution’s liquidity risk profile. What constitutes a good stress test is, however, not universally clear. . .