The Co-operative Bank may be forced to ask shareholders for further capital if it fails a test of its financial strength this month.
However, the bank – which is thought to have acknowledged it has insufficient buffers to withstand a very severe recession – is instead more likely to look to generate capital at a quicker rate by adjusting its five-year turnaround plan.
The results of the so-called stress test are due on Dec. 16.
http://www.thetimes.co.uk/tto/business/industries/banking/article4283434.ece (£)
