VUK News: U.K. Lenders Pass Stress Test but Bank of England Flags Real-Estate, Leverage Risks - 12th Jul 2023, 9:12pm

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The Bank of England's latest assessment of financial stability found that U.K. major banks could withstand a sharp economic downturn, but highlighted risks stemming from the real-estate sector and leverage. The eight U.K. banks passed the BOE’s stress tests, sending their shares up in London trading. Lloyds Banking Group rose 2.8%, while Virgin Money rallied 7.6%.

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