US Financial Crisis: Effects on UK Banks
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Code : ECC0020
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Region : UK |
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Introduction: UK, a traditional powerhouse of international trade and finance, was on a back foot as its banks are the worst affected by the financial crisis. The central bank of UK – Bank of England (BoE) is trying to get a grip over the historic write-downs and losses reported by its financial institutions. In coordination with the UK's policymakers, BoE has initiated significant measures and the UK government has ensured that its financial system does not collapse, by nationalising some of its banks... |
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