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News Source: The independent
| 3 months ago
Britain's banks remained divided almost to the last yesterday on plans for a massive government recapitalisation of the industry but were eventually forced to accept that the initiative was inevitable. The boost to shore up confidence in the sector...
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News Source: The independent
| 3 months ago
Sir Fred Goodwin's top bullet point in his slide presentation to the Merrill Lynch banking conference in London yesterday morn-ing was: "The outlook is subdued". Even by the notoriously phlegmatic standards of the Royal Bank of Scot-land chief...
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News Source: The Scotsman
| 3 months ago
UK banks was expected to be announced by the government this morning, after £13.2 billion was wiped from Scotland's leading financial institutions...It was unclear last night whether a curb on executive pay would be a condition of the deal. Royal...
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News Source: The Scotsman
| 3 months ago
Salmond has long trumpeted his aspiration for Scotland to lead the way in the global fight to tackle climate change. However, recommendations to Westminster this week by the Committee on Climate Change threaten to topple that ambition. Some insiders...
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News Source: Guardian Unlimited
| 3 months ago
Suddenly a latent primeval instinct to run for the hills, to sell, to hoard cash seizes everyone. Strong and weak banks alike are swept up in the rush to hold cash. To bring the panic to an end there has to be some seismic event to make everyone...
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News Source: Guardian Unlimited
| 3 months ago
he moment for the government to act has arrived...At the close of trading, Royal Bank of Scotland, a bank that raised £12bn of fresh capital from its shareholders in June, was worth only £18bn...The piece of good news to be plucked from the mess is...
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News Source: The independent
| 3 months ago
After one of the worst days ever for bank shares on the markets yesterday, Alistair Darling at last promised a "full and comprehensive" package of assistance for the beleaguered financial industry before the markets reopen today. It had better be...
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News Source: The Independent
| 3 months ago
If you can keep your head when all about you... you clearly don't appreciate the gravity of the situation...All the long history of past financial panics demonstrates that. The issue is the amount of damage on the way. We cannot begin to see the...
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News Source: Guardian Unlimited
| 3 months ago
Downing St forced to act as events started to look out of control • Brown and Darling wanted time to perfect their plan • Critics say that dithering has exacerbated crisis The prime minister was forced to rush forward his plans for...
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News Source: The independent
| 3 months ago
A £50 billion lifeline is set to be thrown to Britain's beleaguered banks today. Ministers will announce that the Treasury is spending the money to buy huge stakes in the lenders, which suffered further dramatic collapses in their share prices...