Treasury puts $34B in 18 regional banks

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Some analysts say the British bank bailout plan pushed by Prime Minister Gordon Brown - and widely copied in Washington and other European capitals - contains more conditions on the banks that accept government money to boost their lending.

“We expect to be rewarded for the support we provide,” Mr. Brown said. But some British banking analysts say Mr. Brown’s government is finding it equally hard to force private lenders to make loans they don’t want to make.

Mr. Fine of the community bankers trade group said it was probably “inevitable” that some of the bailout money would be used by banks for acquisitions.

“But it certainly did not serve anyone’s PR effort when people started talking about it so openly,” he said.

About the Author
David R. Sands

David R. Sands

Raised in Northern Virginia, David R. Sands received an undergraduate degree from the University of Virginia and a master’s degree from the Fletcher School of Law and Diplomacy at Tufts University. He worked as a reporter for several Washington-area business publications before joining The Washington Times.

At The Times, Mr. Sands has covered numerous beats, including international trade, banking, politics ...

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