News
Banking crises is easing says Bank of England
25 June 2009
The Bank of England says conditions in the financial system are easing, although the banking system is fragile and vulnerable to disruption.
In its Financial Stability Report, it said the total losses from the financial crisis reached $15tn (£10tn).
However, that is a substantial improvement from March's estimate of a $25tn fall in the value of such assets.
The Bank also calls for further regulation to prevent banks getting too big and tougher controls on lending.