For the first time since the annual stress testing regime began in 2014, all the major lenders received a clean bill of health, though the weakest two - Barclays and state-backed Royal Bank of Scotland - struggled. The tests modelled a nightmare scenario under which UK GDP slumps by 4.7% amid a wider global downturn, unemployment rises to 9.5%, the pound plunges and the Bank's interest rate climbs to 4% - while house prices undergo a record 33% collapse. They were carried out on Lloyds Banking Group, HSBC, Barclays, RBS, Santander UK, Standard Chartered and Nationwide.