RBS and Lloyds ordered to make over 80bn available to businesses
Inside: Cheap Personal Loans UK
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RBS and Lloyds ordered to make over 80bn available to businesses
The treasury is to order state-backed banks Lloyds Banking Group and Royal Bank of Scotland (RBS) to make over £80 billion of credit available to businesses this year.
Fed stands by to boost US growth
Ben Bernanke, Federal Reserve chairman, said that weaker-than-expected consumer spending growth and a depressed housing market had slowed the pace of the US recovery and promised that the central bank was ready to take unconventional steps to stimulate the economy if needed.