Lack of 'too big to fail' plan could cost taxpayers billions, warns IMF
The Telegraph
British banks deemed by the Government to be “too big to fail” are enjoying implicit subsidies of up to £66bn, the fund claims
British banks deemed “too big to fail” are enjoying implicit government subsidies of up to $110bn (£66bn) that could expose taxpayers to bail-outs costing hundreds of billions of pounds, the IMF has warned.
Read more: The Telegraph
Read more: The Telegraph