Sign up to The Irish Times Archive (1859 - 2008)My Account »
Fri 06 Jun 2009Banks face more difficult times - BoE
Banks are still at risk despite more than $14 trillion US dollars (£8.6 trillion) in support from taxpayers in the UK, Europe and the US, the Bank of England warned today.
The recession could wreak further havoc on bloated bank balance sheets as firms take more losses on bad loans and other assets, according to the Bank’s latest Financial Stability Report.
Choose a Subscription type - required
