UK stress tests complete, Lloyds looks to call ECNs

Investors took the results of the Prudential Regulatory Authority’s stress test of UK banks and building societies, which saw a failure by the Co-Operative Bank and close calls by Royal Bank of Scotland and Lloyds, in their stride on Tuesday. Much more important was the broader market chaos caused by Russia’s plunging ruble and the possibility of Greece’s Syriza party taking power in snap elections.