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  • The British government was in those months rescuing and nationalizing banks such as the Royal Bank of Scotland and HBOS.???We were desperate,??? Diamond told the committee. ???We had ???6.7 billion [US$10.5 billion] in equity being raised, and if rumors got into the market that we couldn???t fund, maybe we couldn???t complete the equity raising.???US and British agencies also found Barclays guilty
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