UK banks must bolster defences against consumer loan defaults - Bank of England

LONDON (Reuters) - British banks have underestimated the risks from a surge in consumer borrowing and need to hold an extra 10 billion pounds of capital to guard against future dangers, the Bank of England said on Monday.

from Reuters: Top News http://uk.reuters.com/article/uk-britain-boe/uk-banks-must-bolster-defences-against-consumer-loan-defaults-bank-of-england-idUKKCN1C00SK?feedType=RSS&feedName=topNews