implode-explode.com - Implosion News Pick-ups: Lenders may have tapped Bank scheme for £200bn

Troubled lenders in the UK may have tapped the Bank of England's emergency funding scheme for as much as £200bn, according to investment bank UBS - double the most aggressive estimates... Simon Ward, economist at New Star, said: "If it is right, then the British banking system is relying much more heavily on state support than either Europe or the US, which would suggest the banking system here is in greater trouble."