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Bank secretly lent RBS and HBOS £61.6bn
The two banks came within minutes of closing cashpoints and normal business operations, the Bank of England has confirmed, revealing that it extended £61.6bn in emergency funds at the height of the financial crisis last year
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Commercial arm may be worth up to £2bn
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Video: UK Daily View
Comment & Analysis
Labour’s digital plan gets in the way of real progress
The Digital Britain report is the latest project driven by technological possibility rather than economic need or social value, writes John Kay
UK’s House of Commons needs more teeth
A cross-party report set up to respond to public dissatisfaction with MPs is a fair starting point for reform but does not get round the need for broader changes
Lombard: False market was a small price to save banks
The Bank of England’s concealment of what was at one point a £61.6bn line of emergency finance to two of the UK’s largest banks will take some beating, writes Andrew Hill
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