View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
February 4, 2009

FT: ‘Bad bank’ back on the books

By Spear's

Alistair Darling admitted UK taxpayers may have to buy toxic assets from Britain’s banks to help stimulate lending, adding a “bad bank” scheme to the government’s existing plans to insure banks against unexpected losses.

From the Financial Times:

Alistair Darling admitted UK taxpayers may have to buy toxic assets from Britain’s banks to help stimulate lending, adding a “bad bank” scheme to the government’s existing plans to insure banks against unexpected losses.

The UK chancellor said the bad bank approach might be necessary with “one or two institutions” in order to remove problematic old loans from banks’ balance sheets rather than simply insuring them, to give them confidence to start lending again.

To read the full article, visit FT.com

Content from our partners
How Flygreen is ascending into the future of private aviation
Stoneweg, Icona, and CBH Strengthen Partnership with Cromwell Acquisition, Adding €4 Billion AUM to Stoneweg
Why investors should consider investing in nature

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network