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[Reuters]: UK bails out banks with $64 billion as Europe actsBritain bailed out three major banks with 37 billion pounds ($64 billion) on Monday as governments around Europe used taxpayers' money to take control and boost confidence in the battered industry. ... |
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Europe acts to rescue banksBerlin was preparing to endorse a bill to restore liquidity and inject fresh capital in the country's ailing banking and insurance sector potentially worth up to €470bn – as part of a coordinated bailout campaign by European governments led by the UK, with the US poised to follow suit. Meanwhile ... |
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