Good news2 May 2020 21:18
Lockdown being relaxed this month to be announced this week
Also good Capital cushions
Strong capital ratios provide some reassurance for the banks and their investors.
RBS has the strongest capital ratio, pumped up to 16.6% in the first quarter from 16.2% at the end of last year.
HSBC’s was flat at 14.6%, while at Lloyds CET1 strengthened to 14.2% from 13.8% .
StanChart softened to 13.4% from 13.8% and likewise at Barclays slipped to 13.1% from 13.8%.
The effects of Covid-19 overshadow the absence of litigation costs, said Mould, with RBS booking nothing and between them Barclays, HSBC, Lloyds, Standard Chartered and RBS lost just £84mln to regulatory and conduct issues, the lowest figure since early 2014 and the second-lowest since Lloyds first took a PPI compensation claim charge back in 2011.