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BoE governor says banks could face a breaking point if pandemic worsens

His comments come as UK lenders face criticism for slow delivery of loans to businesses the government's help scheme

Lenders could face a “breaking point” if the ongoing Covid-19 pandemic is worse than expected, Governor of the Bank of England Andrew Bailey has warned.

The former FCA chief said that the UK banking sector had not been stress tested to see if they could withstand a pandemic, the Daily Mail reported on 22 April.

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