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UK Unveils Partial Nationalization of Banks

Discussion in 'Economics and Financials' started by joeydolfan, Oct 8, 2008.

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Oct 8, 2008 #1

joeydolfan Season Ticket Holder Club Member

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Apr 26, 2008

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Britain is to inject 50 billion pounds ($87 billion) of emergency capital into the country's banks, which have been left reeling by the global financial crisis.

After frantic overnight talks that followed dramatic falls in the share prices of banks including HBOS and RBS, Finance Minister Alistair Darling rushed out measures on Wednesday he said would help boost lending and restore confidence.
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UK Unveils Partial Nationalization of Banks - Financials * Europe * News * Story - CNBC.com

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