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Fed chairman: We must stabilise banking

Stabilising and strengthening the banking system is essential to a lasting global recovery, Ben Bernanke, chairman of the US Federal Reserve, insisted yesterday, as UK ministers prepared to announce a multibillion-pound aid package today to get banks lending again.

Stabilising and strengthening the banking system is essential to a lasting global recovery, Ben Bernanke, chairman of the US Federal Reserve, insisted yesterday, as UK ministers prepared to announce a multibillion-pound aid package today to get banks lending again.