UK set to inject over £37bn into banks (at FT.com)

Britain was on Sunday preparing to pump more than £37bn into four of the country's largest banks in a broad-based recapitalisation that could that could see the UK government end up with controlling stakes in Royal Bank of Scotland and HBOS. Top executives from RBS, HBOS, Lloyds TSB and Barclays (NYSE:BCS) were last night locked in talks with government officials in a frantic attempt to hammer out details of the capital... [read full story]