• News Feeds
Page last updated at 10:53 GMT, Thursday, 29 November 2012

'Banks have become uninvestable'

The Bank of England's financial policy committee meets today to discuss whether banks have enough of a cushion to survive if some of the money they have lent does not get repaid by struggling homeowners or businesses.

Anthony Browne, chief executive of the British Bankers' Association, told Today business presenter Simon Jack that "that banks need more capital".

He went on to say that where this capital is going to come from still seems to be an open question: "Banks have become uninvestable, as banks cannot go and raise lots of equity from share holders as the share prices are on the floor."

"The big question mark is the really unpredictable future shocks, like if the whole of the eurozone collapses... what happens then?"

Get in touch with Today via email , Twitter or Facebook or text us on 84844.


Story Tools


Sign in

BBC navigation

Copyright © 2017 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific