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The global financial crisis has brought with it a lexicon of unfamiliar words that have been catapulted from the business pages into the main news bulletins. The most famous crash was the Wall Street crash of October 1929,...
The Government has injected £37bn into RBS and HBOS in an attempt to restore confidence to the banking system. The Government's pledge to safeguard British savers with Icelandic bank accounts appears to have set a precedent....
Confusion surrounds the meaning of the government's "agreement" that some of the UK's High Street banks should restore their mortgage lending to 2007 levels. Sir Tom McKillop said references to lending in 2007 were not precise...
Oct 13 2008 WalesOnline The FTSE 100 Index pulled out of its tailspin today as investors welcomed plans for a dramatic bail-out of the European banking industry. Royal Bank of Scotland (RBS) is to raise £20 billion of new...
Nervous wait ... traders check screens on London stock markets WHAT an end to 14 years of growth. But YOUR cash is being handed to YOUR bank by the Government — so the bank can lend it back to YOU at six or seven per cent...
