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King Says Two British Banks Got Within Hours of Collapse

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"Bank of England Governor Mervyn King said two British banks got within hours of a liquidity shortfall on Oct. 6, 2008, and the day after as the U.K. financial system came to the brink of collapse," Bloomberg reported. King was referring to Royal Bank of Scotland Group Plc and HBOS Plc. “It was, it is, probably the worst situation, as I say, we faced in peacetime,” Chancellor of the Exchequer Alistair Darling said, according to a press release from the BBC. 
SOURCE:   Bloomberg

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