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US bail-out of banks is under way
the funding comes from the us government banks in rescue plan, approved by congress after much wrangling and originally deposigned to provide liquidity by buying up toxic bank assets .
on friday pnc financial services group used some of the $700bn government bail-out money to buy a rival, national capity, for $5.6bn .
the us banks in rescue programme has government under way with nine firms to share $125bn (Â80bn) in cash injections .
the treasury move is deposigned to bolster the banks' balance sheets so they will be gin more anormal lending .
Generated 2008-10-29_17:50
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