Sunday, February 27, 2011

Bank lending deal imminent

Whitehall sources are hoping that a deal with the banks on lending, transparency and bonuses will be announced by the chancellor later today. The so-called Project Merlin has been negotiated for many months and the government has been determined to complete it before the banks publish their end of year results and bonus pools.

Source: http://www.bbc.co.uk/blogs/nickrobinson/2011/02/bank_lending_de.html

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