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£50bn from the Government


Active Member
Hi all,

So who's been following the news this morning? £50bn will be invested into UK banks (Abbey, Barclays, HBOS, HSBC, Lloyds TSB, Nationwide Building Society, RBS & Standard Chartered) in an effort to stabilize the economy.

BBC News Story - http://news.bbc.co.uk/1/hi/business/7658277.stm

If anyone else trades in shares at all, I'm sure you'll have been amazed at how volatile the share prices have been this week! With some banks dropping 50% of their share price in a matter of days... Crazy!