Much of the financial press in recent weeks has been dominated by the turmoil in the global banking sector. September saw the failure of a number of high profile global financial institutions, which lead to a potential collapse of the banking system. Consequently, world governments took unprecedented steps in early-October to prevent such a crisis. The UK Government led the way by announcing a package of wide-ranging measures aimed at rescuing the UK banking system. The intention was to stabilise the banking sector and in particular, encourage the banks to start lending to each other agai...
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