The second evaluation by the British Central Bank regarding the performance of the top banks in the country during a potential bailout was released on Tuesday.
The central bank stated that in the event of a major British bank failing today, it could be bailed out by shareholders and investors rather than the state, allowing it to stay open and provide essential banking services without government intervention.
It also mentions that banks are still making advancements in enhancing their readiness for bailouts, such as tackling the concerns pointed out in the initial evaluation conducted in 2022.
source: ft.com
