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High street banks ask for extra cash

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  • #1

    High street banks ask for extra cash

    The bosses of Britain's biggest banks asked for extra financial support from the Bank of England yesterday, amid deepening gloom in the City. Senior executives from the five largest retail banks – Barclays, HBOS, HSBC, LloydsTSB and Royal Bank of Scotland – met Mervyn King, the Bank's Governor, to urge him to do more to help them through the credit crisis.


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  • #2
    Bank injects £5bn extra in attempt to ease credit turmoil

    Mervyn King, the Governor of the Bank of England, tried to head off criticism from bank bosses by unveiling new borrowing facilities for the sector yesterday just hours before a summit meeting called to address the credit crisis.


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