U.K. To Recap Banks
This is going the right way, it addresses directly the tier1 capital problem, better than TARP and will dilute stockholders.
Britain’s largest banks are to be part-nationalised after Gordon Brown took the momentous decision to pump tens of billions of pounds of public money into the sector to avert a banking collapse.
5 times the amount expected, would be north of $2 trillion U.S. economy size equivalent:.
The government is to put up to £250bn into the banking system in an effort to keep banks lending.
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