Summary
BRITAIN and Ireland yesterday stepped up their efforts to shore up their decaying banking systems as the credit drought worsens.
The UK Treasury announced a significant U-turn by hacking back the fee it charges to guarantee [pounds]250bn of loans that banks make to one another.See the full content of this document
Extract
Battle to Restore Loans to Business
And across the Irish Sea, Dublin announced a recapitalisation plan that mirrors the [pounds]37bn scheme...
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