Banking crises is easing says Bank of England
The Bank of England says conditions in the financial system are easing, although the banking system is fragile and vulnerable to disruption.
The Financial System Sees A Loss Of £10tn
In its Financial Stability Report, it said the total losses from the financial crisis reached $15tn (£10tn).
However, that is a substantial improvement from March”s estimate of a $25tn fall in the value of such assets.
Preventing Harsher Controls On Lending
The Bank also calls for further regulation to prevent banks getting too big and tougher controls on lending.