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UK Bailout

RBS ATM Withdrawals Were Monitored Hourly During Banking Crisis

The Guardian | Jill Treanor | Posted 05.25.2011 | Business

City watchdogs were monitoring cash withdrawals from Royal Bank of Scotland every hour during the height of the banking crisis, the Guardian can revea...

British Bank Bailout To Be More Radical Than US Bailout

New York Times | Landon Thomas, Jr. and Carter Dougherty | Posted 05.25.2011 | Business

At a news conference, Prime Minister Gordon Brown insisted that the crisis had begun in the United States. "This problem started in America with irres...

The UK Bails Out Banks the Right Way

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

The British government announced this morning that it is bailing out its banks by directly injecting capital through the purchase of preferred shares. This is what many economists advocated be done in the U.S.

UK Government Nationalizes Bradford & Bingley

Financial Times | Jane Croft and Kate Burgess | Posted 05.25.2011 | Business

The government on Monday confirmed it was nationalising Bradford & Bingley after hammering out a deal with the Spanish bank Santander, which will buy ...