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Britain's seven biggest lenders will have to show they can cope with a global economic slump triggered by a sharp slowdown in China and a crash in the eurozone in this year's round of stress tests conducted by the Bank of England.Britain decided to introduce annual stress tests for its banks after the 2007-09 financial crisis, which required taxpayers to pump 66 billion pounds ($98 billion) into Royal Bank of Scotland and Lloyds Banking Group.That leaves six banks and one mutual lender to face this year's tests – Barclays, HSBC, Standard Chartered, RBS, Nationwide Building Society, Santander U.K. and Lloyds.The seven lenders, which account for 70 percent of U.K. corporate loans and 75 percent of U.K. mortgages, will also have to show they can expand lending to the U.K. economy by 10 percent during the test.
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