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  • UK part-nationalises its major banks

    The UK is to invest £50bn ($85bn) to rescue its major banks, via part-nationalisation. In addition, it will provide unlimited amounts of cash via loans. The aim is to try and unfreeze the UK's banking system, which has been on the verge of collapse. Unlike the USA, there is no disagreement amongst...
    Posted to ICIS Blogs (Weblog) by Anonymous on 10-07-2008
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