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...Standard Chartered is a holding company and an international banking group that serves people and companies across Asia, Africa and the Middle East. Co. comprises a network of more than 1,026 branches and outlets in 63 markets. Co.'s segments are: Corporate & Institutional Banking, which supports transaction banking, corporate finance, financial markets and borrowing needs; Private Banking, which provides a range of investment, credit and wealth planning solutions; Commercial Banking, which provides a range of international financial solutions; Retail Banking, which provides digital banking services. At Dec 31 2017, Co. had total assets of US$663.50 billion and deposits of US$30.94 billion.
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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