Governor and Banks in Crisis Meeting to Head Off Financial Hysteria

Summary


THE heads of Britain's biggest banks meet Bank of England Governor Mervyn King today amid the City's worsening financial crisis.

They are likely to tell Mr King that he needs to do more to reassure their creditors that the central bank will provide help if it is needed.

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Extract


Governor and Banks in Crisis Meeting to Head Off Financial Hysteria

The meeting comes after a traumatic day on the stock market when rumours of difficulties at HBOS, the owner of the Halifax group and Britain's bigge...

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