Q&A: Project Merlin bank deal

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Sign pointing to Bank district
Image caption,
The government was keen to strike a deal before the banks start reporting their results for 2010

The chancellor has announced details of Project Merlin - an agreement between the government and the UK's four biggest banks.

HSBC, Barclays, Royal Bank of Scotland and Lloyds Banking Group have all signed up to the deal, which covers lending, bonuses and transparency.

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