Us Follows Uk Bailout Plans ; Bank Rescue Calms Marketsftse 100 Up by 325 Pointswall Street Soars 600 Points
Linked as:
Summary
THE US Treasury and Federal Reserve Bank were working last night on taking stakes in major banks using Britain's bailout package as its blueprint.
Central banks across Europe were the first to copy the UK's bailout package with a raft of countries announcing similar deals yesterday, which will also see them take stakes in banks and guarantee inter-bank lending.See the full content of this document
Extract
Us Follows Uk Bailout Plans ; Bank Rescue Calms Marketsftse 100 Up by 325 Pointswall Street Soars 600 Points
France and Germany revealed multi-billion pound packages along the lines of the UK's [pounds]37bn deal to recapitalise Royal Bank of Scotland and the soon-to-be merged...
See the full content of this document
Sponsored links
