Posts Tagged ‘british banks’

A Quick Look At The British Bank Bailout Plan

From the Telegraph.co.uk here are the primary features of the new British bank bailout. INSURANCE SCHEME * Banks will have to identify their riskiest assets which they can then insure with the government for a fee. They will still be liable for initial losses but could at least put in a ceiling, hence boosting confidence. […]

Britain Set To Announce New Bank Rescue Plan

Britain will most likely unveil its latest scheme to rescue its banks and by extension its economy tomorrow morning. Early indications are that they are tending towards the same set of solutions as it appears the new Obama administration will pursue. Specifically, the aim is to jack up bank lending to consumers. Reuters is reporting […]