2008 United Kingdom bank rescue package
A bank rescue package totalling some £500 billion (approximately $850 billion) was announced by the British government on 8 October 2008, as a response to the global financial crisis. After two unsteady weeks at the end of September, the first week of October had seen major falls in the stock market and severe worries about the stability of British banks. The plan aimed to restore market confidence and help stabilise the British banking system, and provided for a range of what was claimed to be short-term "loans" from the taxpayer and guarantees of interbank lending, including up to £50 billion of taxpayer investment in the banks themselves. The government also bought shares in some banks, which have since been sold back to the market at an overall profit to the taxpayer.
2008 in the United Kingdom2009 United Kingdom bank rescue packageAlistair_DarlingAndy HornbyBailoutBanking (Special Provisions) Act 2008Banking Act 2009Banking in the United KingdomCapital Purchase ProgramCentre for the Study of the Legacies of British Slave-ownershipDavid RuffleyEconomy_of_the_United_KingdomEdmund BlackadderEmergency Economic Stabilization Act of 2008Eric DanielsFinancial crisis of 2007–2008Fred GoodwinGlobal financial crisis in October 2008Gordon_BrownGreat RecessionHistory of the British national debtHistory of the United KingdomJames Crosby (banker)John McFall, Baron McFall of AlcluithList of banking crisesList of banks in the United KingdomList of nationalizations by countryLloyds BankNatWest GroupNational fiscal policy response to the Great RecessionPaul Myners, Baron MynersPeter Thal LarsenProject MerlinRogue traderRoyal Bank of ScotlandRoyal MintSubprime crisis impact timelineSubprime mortgage crisisSubprime mortgage crisis solutions debateTSB Bank (United Kingdom)
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2008 United Kingdom bank rescue package
A bank rescue package totalling some £500 billion (approximately $850 billion) was announced by the British government on 8 October 2008, as a response to the global financial crisis. After two unsteady weeks at the end of September, the first week of October had seen major falls in the stock market and severe worries about the stability of British banks. The plan aimed to restore market confidence and help stabilise the British banking system, and provided for a range of what was claimed to be short-term "loans" from the taxpayer and guarantees of interbank lending, including up to £50 billion of taxpayer investment in the banks themselves. The government also bought shares in some banks, which have since been sold back to the market at an overall profit to the taxpayer.
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A bank rescue package totallin ...... banks were "too big to fail".
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Le plan de sauvetage bancaire ...... e marché bancaire britannique.
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Un plan de rescate financiero ...... e y terminaron a las 5:00 a.m.
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A bank rescue package totallin ...... verall profit to the taxpayer.
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Le plan de sauvetage bancaire ...... e marché bancaire britannique.
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Un plan de rescate financiero ...... estatal en los propios bancos.
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2008 United Kingdom bank rescue package
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Plan de rescate financiero del Reino Unido de 2008
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Plan de sauvetage bancaire du Royaume-Uni en 2008
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