Bank of England Announces 2016 Stress Test Results; Royal Bank of Scotland Emerges as Weakest
The Bank of England on Nov. 30 released the results of its stress test of the U.K. banking system for 2016, which was conducted under harsher conditions than the 2014-15 stress test. Under these measures, the Prudential Regulation Authority announced that three banks--Royal Bank of Scotland, Barclays, and Standard Chartered--need further capital measures to be adequately capitalized. However, we believe only Royal Bank of Scotland might need to undertake additional capital-strengthening measures...HSBC Holdings is a financial services holding company. Through its subsidiaries, Co. operates four businesses: Retail Banking and Wealth Management, which serves customers through four businesses: Retail Banking, Wealth Management, Asset Management, and Insurance; Commercial Banking, which provides working capital, term loans, payment services, and international trade facilitation; Global Banking and Markets, which delivers a range of transaction banking, financing, advisory, capital markets, and risk management services; and Global Private Banking, which provides a range of private banking services. At Dec 31 2017, Co. had total assets of US$2.52 trillion and deposits of US$69.92 trillion.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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