News Tag: banking shares
October 13, 2008
Shares on the FTSE 100 index recovered this morning on the news that the UK Government is to pump £37 billion into three of the country’s largest banks.
The Government is to inject £20 billion into Royal Bank of Scotland (RBS) while a further £17 billion will be pumped into Lloyds TSB and HBOS.
However, at the end of trading today, ...
Stock markets give mixed response following bailouts
by Kay Murchie
August 19, 2008
A respected former chief economist of the International Monetary Fund (IMF) has warned that the global financial crisis is set to get worse and could result in the collapse of a large US bank within months.
Professor Kenneth Rogoff, who held the IMF role between 2001 and 2004, claims that the worst is to come from the global credit ...
Former IMF chief warns financial crisis to get worse
by Kay Murchie
