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UK bank losses from pandemic-related corporate failures are being monitored, BOE says

By Fiona Maxwell ( July 13, 2021, 08:36 GMT | Insight) -- UK lenders are likely to see additional losses in the next 12 months as Covid support programs are wound down, the BOE's Financial Policy Committee said today. The FPC said it would keep an eye on developments, but assured that banks are healthy enough from a capital perspective to withstand losses.Lenders are likely to face additional losses in the coming year as real economy companies come under pressure from Covid support being wound down, the Bank of England said today....

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