U.K. banks are likely to face another £130B ($215B) in losses after having already lost £110B...

|By:, SA News Editor

U.K. banks are likely to face another £130B ($215B) in losses after having already lost £110B since the beginning of the credit crisis, says Moody's. The "sustained weakness of the U.K. macroeconomic environment [will] feed through into higher loan arrears with ensuing pressure on profitability and capital."