The U.K. government may invest at least 45 billion pounds ($79 billion) in banks such as Royal Bank of Scotland ( RBS) and Barclays ( BCS) to bolster capital depleted by mortgage-related losses, Bloomberg reports.

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 Bloomberg, 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, Bloomberg reports.

In recent weeks, the U.K. government has bailed out Bradford & Bingley and arranged the takeover of HBOS.
This article was written by a staff member of TheStreet.com.

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