Taxpayers will not foot bill for banks’ investment losses (The Herald)

Story date: 2008-03-26 05:14:31
Added on: 2008-03-26 19:00:22

Bank of England governor Mervyn King yesterday warned banks that the tax- payer would not pick up the cost of their losses on investments in the mortgage market and said they could face having to hold higher amounts of capital to cover losses in future.


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