• OCTOBER 13, 2008

Europe Raises Stakes in Bank Bailout Race

U.K. to Rescue RBS, HBOS, as Germany Plans Up to €400 Billion to Aid its Institutions; U.S. Is Considering Similar Moves

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The U.K. government is expected to unveil Monday morning a plan that could hand it control of two large banks, Royal Bank of Scotland Group PLC and HBOS PLC -- the latest in a series of aggressive government moves that are remaking the world's financial system with lightning speed.

At the same time, Germany is set to approve on Monday a plan to prop its banking system that could involve up to €400 billion in taxpayers' money. It would be mostly in the form of guarantees for banks' borrowing, but with up to €100 billion earmarked for taking government stakes ...

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