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The central banks Financial Policy Committee in a quarterly statement said banks may be left with ?30 billion in losses if borrowers were to default on 20 of the loans taken out. The warning raised concerns that banks will have to set aside another ?10 billion in capital to safeguard against such risks.

Barclays PLC fell 1, Lloyds Banking Group PLC fell 1. 6, Standard Chartered PLC fell 1. 7, HSBC PLC dropped 0.