Which banks downgraded in uk

Trial Try full digital access and see why over 1 million readers subscribe to the FT. For 4 weeks receive unlimited Premium digital access to the FT's trusted, award-winning business news.

Digital Be informed with the essential news and opinion. Delivery to your home or office Monday to Saturday FT Weekend paper — a stimulating blend of news and lifestyle features ePaper access — the digital replica of the printed newspaper.

Team or Enterprise Premium FT. Pay based on use. Does my organisation subscribe? Group Subscription. The 12 UK banks and building societies downgraded by Moodys on Friday are no dirty dozen. The rating change does not signal a problem with them. It merely acknowledges the governments reduced support for UK lenders post-crisis. The Treasury, Financial Services Authority and Bank of England have said that banks cannot now assume automatic taxpayer support in a crisis.

But the Moodys downgrades coincided with a rerun of the European Banking Authoritys stress tests of the regions banks. The fear is that market-based writedowns of their sovereign debt holdings could lead to a European Union-imposed recapitalisation of weak banks. Rankings - lookup service: verified global rankings, including the Top World Banks, regional and country banking data, statistics and rankings and our new best performance rankings.

We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used. Sorry, you appear to have JavaScript disabled. Please enable JavaScript to use this tool. Find out how to enable it for your browser: Internet Explorer 7 or 8 Click the Tools menu. Select Internet Options. Click the Security tab. Click the Custom Level button. Scroll down until you see the 'Scripting' section.

Select the 'Enable' radio button for 'Active Scripting'.