Threadneedle Street unveils package of measures to avoid taxpayers having to step in as they did with RBS and Lloyds The Bank of England has ordered big lenders in the UK to find £116bn of funding as part of a series of measures to ensure that taxpayers will never again have to bail out the banking sector.Threadneedle Street also intends to publish details of how each of the big lenders would cope in the event they find themselves in a situation similar to Royal Bank of Scotland and Lloyds Banking Group, which needed £65bn of taxpayer bailouts almost a decade ago. Continue reading…
Via: Bank of England tells lenders to find £116bn to help prevent bailouts
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PIERS MORGAN: A phone call I received from a fired-up Trump should be a warning to Democrats
President Trump called me for a chat on Saturday. It was our first conversation since he unfollowed me on Twitter in April after I wrote a Mail column telling him to ‘Shut the f*ck up Read more…