Posts Tagged ‘backdrop of economic downturn’
Banks Require Further Support
Tuesday, October 28, 2008 19:41 No CommentsAs economic recession bites, the banks in the UK now may need more support from taxpayers. The Britain’s banks may need to raise capital beyond the taxpayer-underwritten money of £50 billion, which is already earmarked for them.
According to Times news, the Bank of England’s report into financial stability suggests that a recession as severe as [...]
