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People walk past clocks in the Canary Wharf business district of London. The British government injected an unprecedented 37 billion pounds (US$63 billion) into the country's leading banks Monday to avoid a full-scale collapse of the sector. In return for the rescue, the Royal Bank of Scotland Group PLC, Lloyds TSB Group PLC and HBOS PLC will cede major stakes to the government and halt cash bonuses for bank board members this year.

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People walk past clocks in the Canary Wharf business district of London. The British government injected an unprecedented 37 billion pounds (US$63 billion) into the country's leading banks Monday to avoid a full-scale collapse of the sector. In return for the rescue, the Royal Bank of Scotland Group PLC, Lloyds TSB Group PLC and HBOS PLC will cede major stakes to the government and halt cash bonuses for bank board members this year. (AP/MATT DUNHAM / October 13, 2008)

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