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    UK banks capital hole not a big as feared

    euronews (in English)

    by euronews (in English)

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    Britain's banks have been told they must raise 25 billion pounds - that's 29.6 billion euros - in extra capital by the end of the year.

    The UK central bank says they have to boost their reserves to cover any future losses on loans that are not paid back. It did not give a breakdown of how much each bank needed to raise.

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    http://www.euronews.net/