Results 1 to 3 of 3
  1. #1
    Thailand Expat jandajoy's Avatar
    Join Date
    Mar 2008
    Last Online
    02-11-2016 @ 08:50 AM
    Posts
    19,599

    Britain to launch $90b bank rescue:

    Britain to launch $90b bank rescue: report

    Posted 41 minutes ago
    Britain will launch its biggest retail bank rescue on Monday when the four largest, HBOS, Royal Bank of Scotland, Lloyds TSB and Barclays, ask for a 35 billion sterling ($91 billion) lifeline, the Sunday Times reported.
    The unprecedented move would make the Government the biggest shareholder in at least two banks, HBOS and Royal Bank of Scotland, the newspaper said on its website. It did not give a named source for its information.
    The Sunday Times said Royal Bank of Scotland, which has seen its market value fall to below 12 billion sterling, was to ask ministers to underwrite a 15 billion sterling cash call.
    It said HBOS, Britain's biggest provider of mortgages, was seeking up to 10 billion sterling, Lloyds TSB, in the process of acquiring HBOS in a rescue merger, wanted 7 billion sterling, and Barclays needed 3 billion sterling.
    - Reuters










    This is the Times article.


    State to save HBOS and RBS - Times Online

  2. #2
    Mid
    Mid is offline
    Thailand Expat
    Mid's Avatar
    Join Date
    Aug 2007
    Last Online
    @
    Posts
    1,413
    postponing the inevitable ................

  3. #3
    Tax Consultant
    Thormaturge's Avatar
    Join Date
    Jul 2007
    Last Online
    @
    Location
    Bangkok
    Posts
    9,892
    Treating the symptom and not the cause. There is going to be far worse trouble than this in future as the banks gobble their way through the taxpayer's money.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •