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| Version 0 | Version 1 |
|---|---|
| Brown to hold bank crisis talks | Brown to hold bank crisis talks |
| (10 minutes later) | |
| Gordon Brown is to meet Bank of England Governor Mervyn King at 1700 BST to discuss plans to stabilise the banking system, Downing Street says. | |
| Chancellor Alistair Darling and the chairman of the Financial Services Authority, Lord Turner, will also take part in the talks. | |
| Downing Street denied it was an "emergency meeting", adding that it would focus on "ongoing action". | |
| Any announcements would be made in a "calm and orderly way", it added. | |
| Share falls | Share falls |
| Banking shares have fallen in London amid news that the bosses of big banks had met Mr Darling on Monday to discuss fundraising. | |
| Royal Bank of Scotland fell 34%, HBOS dropped 22%, Lloyds TSB was down 10% and Barclays fell 9%. | Royal Bank of Scotland fell 34%, HBOS dropped 22%, Lloyds TSB was down 10% and Barclays fell 9%. |
| The banks have called on Mr Darling to make a proposal on how to restore liquidity, BBC business editor Robert Peston said. | |
| A Downing Street spokesman declined to comment on whether there would be any statement about the meeting to MPs. | A Downing Street spokesman declined to comment on whether there would be any statement about the meeting to MPs. |
| There was no mention of the talks at the lobby meeting for journalists earlier on Tuesday. | There was no mention of the talks at the lobby meeting for journalists earlier on Tuesday. |
| Monday's meeting was attended by Mr Darling, Mr King and Lord Turner, as well as representatives of RBS, Barclays and Lloyds TSB. | |
| The Treasury is understood to have been formulating a plan that would allow the government to provide extra funding to the banks in exchange for stakes in them. | |
| The government said it would not speculate about what policy options were being considered. |