http://www.independent.co.uk/news/bu...l-7584048.html
This not looking good so are we going to see another bailout. Can the country afford to bailout again been one of the debts we trying to reclaim by cutting so how can.
How short are the banks to balancing its books
Quote:
The billions in capital that Britain's banks have raised to bolster their balance sheets in recent years is still not enough, the Bank of England's Financial Policy Committee said yesterday.
The risk watchdog at the heart of the Bank of England, in one of its first public remarks, said the industry should raise more money "as early as feasible", a stark warning that will do little to ease the fears of investors or consumers.
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Stark warnings here personally they got them selves to blame with years of wanton bonus culture. Can we allow another banking crisis hit us thats the big issue.
Will coalition bailout or LET them die barcleys, lloyds go under as they still deeply in trouble.
Quote:
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The FPC said banks had gone as far as they could to raise capital by keeping down pay, dividends and share buybacks. "But," it added, "the committee remained concerned that capital was not yet at levels that would ensure resilience in the face of prospective risks. It therefore advised banks to raise external capital as early as feasible."
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