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Speaking to reporters in Downing Street, the Prime Minister said that the biggest problem facing UK banks was their exposure to international losses as a result of the collapse of the sub-prime mortgage market in the United States.
His comments came after the banks suffered another day of heavy losses on the stock market on Friday, with 25% wiped off the value of shares in Barclays at one point.
"As far as British banks are concerned the greatest problem that we have is international. It is the exposure of British banks to international losses that is the biggest problem that we face," Mr Brown said. "So what we need is an international solution."