Banks consider next move as U.K. launches rescue plan

10/9/2008 | Financial Times (free content)

The biggest banks in the U.K. are making plans to increase capital reserves after the government announced its £400 billion rescue plan. While some banks, including Lloyds TSB, Barclays and Royal Bank of Scotland, are expected to participate in the government scheme, others, such as Standard Chartered, HSBC and Abbey, said they will not seek capital from the government. Instead, they plan to tap private investors for fresh capital.

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