Britain and America will hold ‘war games’ next week to test their response to the collapse of a major bank on either side of the Atlantic.
Chancellor George Osborne and Bank of England governor Mark Carney will join US Treasury Secretary Jack Lew and Federal Reserve chief Janet Yellen in a Washington war room on Monday.
The simulated exercise will look at two scenarios – a major US bank with UK operations at risk and a major UK bank with US operations about to go under. …
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