Private equity crash could trigger next wave of financial crisis, Bank warns

The Bank of England warned on Thursday that the next phase of the UK's six-year financial and economic crisis may be triggered by the collapse of debt-laden companies bought by private equity firms in the boom years before the crash.

U.S., UK bank seizure plans focus on absorbing losses: regulators

WASHINGTON (Reuters) - Both the United States and United Kingdom have developed viable approaches to seizing and unwinding failing global financial institutions, but more work is needed on the UK side to ensure that losses can be adequately absorbed, American and UK regulators said on Sunday.

Bank of England fears that financial system needs more capital

Bank of England policymakers have ordered UK banks to make a more "honest" assessment of hidden losses on their balance sheets and warned they will be forced to find ways to fill a shortfall that could be up to £60bn.