





British government partially nationalized problematic banks
Before all stocks exchanges opened, the British Treasury announced that eight big banks among which Abbey, Barclays, HBOS, HSBC confirmed their participation at the re-capitalization plan. British PM Gordon Brown decided to launch a safeguarding plan of the British banking system after a disastrous day at the stock for 3 biggest banks.
The British newspapers wrote about the liquidity shot of 64 billion euro planned for these days, in an attempt to relaunch inter-banking loans that are currently blocked.