The U.K. government may invest at least 45 billion pounds ($79 billion) in banks such as
Royal Bank of Scotland
to bolster capital depleted by mortgage-related losses,
Chancellor of the Exchequer Alistair Darling and Bank of England Governor Mervyn King met with banking CEOs from the banks late Monday to discuss the investment, according to
, citing people with knowledge of the situation.
Darling said Monday he would do "whatever it takes"' to keep the financial system stable as capital markets remain frozen,
In recent weeks, the U.K. government has bailed out
Bradford & Bingley
and arranged the takeover of
This article was written by a staff member of TheStreet.com.