Relevant:
- British Banks Deemed "Technically Insolvent"
- Interesting WikiLeaks Regarding Mervyn King and Bank of England at Height of Crisis; Global Banking System Insolvent Then, Still Insolvent Now
- It's not just Deutsche - European banking is utterly brokenÂ
- Moody's downgrades a dozen British banks
- Paulson’s hedge fund targets UK banks
2009-01-21 — blogspot.com
"Britains biggest banks are "technically insolvent", Royal Bank of Scotland said yesterday, as the global banking industry was rocked by another day of turmoil, including the announcement of $23bn (£16bn) of new losses from Merrill Lynch and Citigroup, the giant US institutions."
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