Jeremy Warner's Outlook: Banks and their capital needs – first they pay it out,

[Legal Beagles]

When HBOS was subjected to a bear raid a month or so back of the type which had already sunk Bear Stearns, the situation was thought potentially so dangerous that the Bank of England, no less, had to be dragooned into the task of dismissing the whole thing as hogwash. One by one, everyone stood up to say that, both in terms of solvency and liquidity, the situation was fine.


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