Govt bank recapitalisation one option

Source: Reuters

Date :07/10/2008 10:15:32

An injection of capital by the government into British banks was one of the options discussed between the Treasury and banking industry officials at a meeting on Monday evening, a source familiar with the talks said.

"The big banks and the chancellor met yesterday night. Recapitalisation is one of the options being considered," the source said on Tuesday.

LONDON (Reuters)