economonkey

Mervy King has revealed, for the first time, that last autumn the Bank of England provided up to £62 billion in short term loans to RBS and HBOS in almost complete secrecy. This just goes to show how dire the situation was, and certainly reinforces the argument for a radical shake-up of banking regulations. If [...]

This BBC article does a good job of explaining what the government is planning to do with all the banks that it bought huge shares in with taxpayer money over the past year or so. The long and short of it seems to be that the existing big-name high street banks are to be broken [...]