Banking rescue missions have taken talk about the health of European banks back 15 years. The fear of contagion from the collapse of Silicon Valley Bank and the emergency takeover of Credit Suisse by its Swiss rival UBS have caused a sell-off in the big London-listed banks over the past two weeks.
It prompts the question, just how strong are British banks? A look at the balance sheets of the big four UK-listed lenders should reassure.
Banks are very different beasts from what they were in 2008. After more than a decade of regulatory tightening and tuning, capital levels are far superior. Better risk management and a lift in returns borne by rising interest rates have not only left common equity tier one ratios, a
