Results tagged “bail-out”

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The US treasury has agreed the biggest banking bail-out so far in a bid to rescue Citigroup.

The government will guarantee up to $306billion (£205bn) of losses and inject $20billion (£13.3bn) in capital to help stabilise the bank, which saw its shares plummet by around 60 per cent last week.

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Goldman Sachs has groomed politicians, more than one treasury secretary, and more than a few millionaires. But the history of the 139-year-old Wall Street giant has long been shrouded by "a near fetish for no publicity".

The Wharf meets Charles D Ellis, the man who painstakingly uncovered Goldman's inside story.

Banks refuse government cash

By John Hill on October 16, 2008 3:52 PM |
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WHARF banks Barclays and HSBC have snubbed the Government’s bail-out plan.

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PRIME minister Gordon Brown wants to "root out the irresponsible risk taking" in the banking sector after launching a £37billion taxpayer bail-out.

The Government are to pump £20billion into the Royal Bank of Scotland and £17billion into the recently-merged Lloyds TSB and HBOS institution.

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