Friday, 31 October 2008

BIG BANKS GANG UP ON TREASURY


The money markets are chattering over the Mexican stand off with the Big Banks who have, in an unprecedented move joined forces to talk turkey with Treasury, over the deposit guarantee scheme. The Banks want some changes. Treasury is staring them down. The banks are staying firm - they want changes to clauses they think could give non banking institutions an advantage.

1 comment:

alex Masterley said...

com com could be interested in that sort of stance.