TITLE

Feature Analysis: UK government bank bail-out: damned if they do, damned if they don't

PUB. DATE
March 2009
SOURCE
MarketWatch: Financial Services;Mar2009, Vol. 8 Issue 3, p16
SOURCE TYPE
Market Research Report
DOC. TYPE
Article
ABSTRACT
The article reports on the bail-out plans of the British government to help the nation's ailing banking sector. The bail-out program seeks to make the sector start lending again and allows banks to convert the government's preference share holdings. It offers insurance against new lending only, with legal obligations for participating institutions to increase lending accordingly.
ACCESSION #
36907006

Tags: BAILOUTS (Finance);  BANKING industry -- Great Britain;  BANK loans;  FINANCIAL services industry

 

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