Britain's banks must spend almost £1bn upgrading their computer systems so that depositors can quickly recover their savings if a lender collapses, the Financial Services Authority has said.
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Banks must spend £1bn on it
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German banks face higher capital requirements
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UK financial regulator proposes global tax to deflate ``swollen'' financial sector
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Lenders in pledge to help
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Banking companies tap bailout fund
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Mortgage lenders 'still demanding high deposits'
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Banks should be recapitalised if needed:
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Banks 'should charge for current accounts'
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Bank bosses 'should be liable'
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Cost of credit needs to be more robust
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Banks face crackdown
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Bank of England ready to print money
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Britain facing 'very serious recession'
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Banks tighten credit
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Credit Bureau to improve risk management
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Uk bank regulator needs sole rescue;
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Banks may need $1 trillion in new capital