UK banks reveal size of eurozone funding gaps


Three UK banks have published details on the funding mismatches they would face in the event of peripheral eurozone countries reverting to legacy currencies – a risk for which the industry as a whole has been preparing for more than a year, by secretly building single-country balance sheets and trying to better-match assets and liabilities in each. Barclays, HSBC and Royal Bank of Scotland (RBS) all provided figures in their interim accounts – which is thought to be the first time