×

Co-op Bank poised to miss UK stress test: Report

Matt Cardy | Getty Images News | Getty Images

Troubled U.K. lender The Co-operative Bank is set to fail a key Bank of England test of its financial strength this month, British newspaper The Times reported on Monday.

As a result, the bank is expected to be forced to accelerate its recovery plan to keep regulators onside.

There are concerns that The Co-operative Bank - which has been rocked by scandal over the past year - has insufficient buffers to withstand a very severe recession, in spite of adding £1.9 billion ($2.9 billion) to its capital reserves.

Read More Co-operative Bank warns more job losses to come

Options open to the bank, on top of speeding up its five-year recovery plan, include tapping its shareholders or seeking a tie-up with another bank.

You can read the full article here.