Government Fails to Reach Agreement with Banks

The JournalJanuary 24, 2011

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Summary


A DEAL on bank bonuses and lending levels has been delayed further as the Government and Britain's biggest banks fail to agree business loan targets.

An announcement on the talks, known as Project Merlin, was expected as early as today but is now not likely until at least next week or later in February.

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Government Fails to Reach Agreement with Banks

One of the disagreements is said to be over figures being mooted for lending to small businesses in the...

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