Bank of England on Alert as Market Tests Banks for Weakness
TL;DR Summary
Bank of England governor Andrew Bailey has warned that investors are searching for "points of weakness" in the banking sector, as concerns persist that the crisis could engulf more lenders. Regulators and investors on both sides of the Atlantic are on edge about potential pockets of vulnerability in the banking sector. Bailey said the central bank was keeping a close watch on the banking sector, despite his "very strong view" that UK lenders were in a strong position.
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