Bailed-Out Banks Will Invest Pounds 40bn

Summary


Three of the UK's bailed-out banks are to lend billions of pounds extra this year to businesses and ordinary investors in order to boost the economy, the Prime Minister said yesterday.

Gordon Brown said the Government had signed lending agreements with the Royal Bank of Scotland, Lloyds TSB and Northern Rock.

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Extract


Bailed-Out Banks Will Invest Pounds 40bn

It means that all three will undertake to pump an extra ...

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