More U.K. banks may need to be nationalized, IMF says in a stark assessment of the British...

|By:, SA News Editor
More U.K. banks may need to be nationalized, IMF says in a stark assessment of the British economy. After spending a week in the country, it concludes, "Although banks are expected to continue to remain above minimum regulatory capital requirements, further shocks will lead to an erosion of capital buffers."