The Bank of England and FDIC sign an agreement to cooperate on resolving distressed banks that...

|By:, SA News Editor

The Bank of England and FDIC sign an agreement to cooperate on resolving distressed banks that have operations in the U.S. and U.K. BoE Governor Mervyn King says it makes sense "so that the toolkit and powers now available to us can be applied effectively to large and complex cross-border banks."