LONDON—Britain’s banks took a gloomier view than almost all their European peers in their second quarter earnings, as coronavirus fears, Brexit and low interest rates caused them to bake tougher “worst-case” scenarios into their risk models.
Investors had expected a torrid set of half-year results, but Barclays, Standard Chartered, Lloyds, NatWest Group, and HSBC fell short of these low expectations.
