Sunday, October 12, 2008
Bank bail-out latest
The first banks to receive money under the UK government's bank rescue scheme could do so as soon as Monday morning. The banks and the Treasury are working on announcements to be made before the markets open, according to BBC business editor Robert Peston. He says the first banks to take up the recapitalisation are likely to be HBOS and Royal Bank of Scotland (RBS). A key aspect of the announcements will be what the government requires the banks to do in return for the cash.