Posts made in November 25th, 2009

Faulty Towers?

Posted by Step-Up Finance (Business) on Nov 25, 2009 in Blog, Business, Finance | 0 comments

It has emerged  that the Bank of England was lender to RBS and HBOS in autumn of last year, for the sum of £61.6 billion on top of the taxpayer bailouts. Revealing the bailout to the Treasury Committee, Bank Governor Mervyn King said “confidence can best be sustained if the Bank’s support is disclosed only when the conditions that gave rise to potentially systemic disturbance have...