Monday, January 19, 2009

Credit Crunch: Second Rescue for U.K. Banks

British Bank Rescue Plan - $75 Billion Fund to Buy Bonds and Loans, Guarantees for Asset-Backed Debt, Direct Relief for Banks, More Lending by Northern Rock, and RBS Stake Raised to 70%; Rescue Will Cost at Least $150 Billion; U.K. Prime Minister Gordon B



Supporting Britain's Bank; Break-Ups And Billions In Loan Guarantees

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