British Banks May Need More State Funds: Think Tank
by Hugh Collins on Oct.04, 2010, under Towing
British banks may require further taxpayer funds, with borrowing needs potentially hitting £25 billion pounds ($39.5 billion) a month, according to a think-tank.
The independent New Economics Foundation said that central bank data indicated the banks are facing major funding problems, Reuters reported.
Finance Minister George Osborne dismissed the suggestion.
“I am certainly…
Continue reading British Banks May Need More State Funds: Think Tank
British Banks May Need More State Funds: Think Tank originally appeared on DailyFinance on Mon, 04 Oct 2010 07:48:00.
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