Britain State Bank...

[Rocky_Shorz]

(Reuters) - Britain said on Monday it would allocate 1 billion pounds ($1.6 billion) towards a new state-backed business bank designed to expand lending to smaller firms currently starved of loans from Britain's main lenders.

The government hopes its backing will be matched by a similar amount from private capital and could support up to 10 billion pounds of new and additional lending, Business Secretary Vince Cable said.

The as yet unnamed institution would operate through the wholesale market and would support the supply of loans and long-term capital to smaller firms through existing banks and other financial providers...

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Central Bank getting to tight?

[GaelVictor]

Simply in the red.

Source: https://youtube.com/watch?v=sL7XuMuJ0q8

[Lancelot]

A new state backed bank??? Oh, like the Royal Bank of Scotland which was bailed out by the British government and is now majority owned by the state. Why set up a new bank?? Why not issue loans through RBS? Unless of course its the government who are the puppets here and they are being controlled by the bankers...