Banking crisis: The fear spreads
Banking crisis: The fear spreads
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The Government made an unprecedented intervention in the Northern Rock crisis yesterday by publicly guaranteeing all the bank's deposits. The intervention, by the Chancellor, Alistair Darling, capped a dramatic day that had seen further mass queuing outside Northern Rock branches and billions wiped off banks' shares on fears of contagion. |
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News entry number 2331 added on Sep 18, 2007 in the Business News category.
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