Submit a Story!
RBS, Lloyds Get $51 Billion in Second Bank Bailout
"Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc will receive 31.3 billion pounds ($51 billion) in a second bailout from the U.K. taxpayer as the two banks agreed to cap bonuses."
RBS, Lloyds Get $51 Billion in Second Bank Bailout (Update3)
RBS, Lloyds Get $51 Billion in Second Bank Bailout (Update3)
bloomberg.com — Nov. 3 (Bloomberg) -- Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc will receive... 31.3 billion pounds ($51 billion) in a second bailout from the U.K. taxpayer as the two banks agreed to cap bonuses. The Treasury will inject 25.5 ... (more) RBS, Lloyds Get $51 Billion in Second Bank Bailout (Update3)
Lloyds Bank to Test the Waters for Rights Issue
hf-implode.com — " Looks like Lloyds Banking Group’s (LLOY) will get a shot at buying its way out of... the UK Government’s bank bailout scheme, with a significant assist from the government itself. As reported previously on Research Recap, the chances of the bank being able to pull this off got a boost from ... (more) Lloyds Bank to Test the Waters for Rights Issue
Lloyds Sales Won’t Bring Good Prices, Pitman Says
hf-implode.com — "- Lloyds Banking Group Plc is unlikely to get a good price for assets it’s been pressed... to sell by the European Union, according to Brian Pitman, former chief executive officer and chairman of Lloyds TSB Group Plc." (more) Lloyds Sales Won’t Bring Good Prices, Pitman Says
Comments
Related Content
Lloyds, RBS, Barclays Ask UK Treasury for£15 Billion Each; RBS Shares Plunge
nakedcapitalism.com 10/7/2008 — Another day, another rescue? Well, at least another rescue petition. From Robert Peston at the BBC : Well last night a trio of the UK's biggest banks - Royal Bank of Scotland, Barclays, and Lloyds TSB - signalled to Alistair Darling that they'd like ...
Lloyds and RBS More Vulnerable to CRE than Barclays, HSBC
hf-implode.com 9/9/2009 — " CreditSights says lack of disclosure makes it difficult to assess extent of UK bank exposure to commercial real estate losses."
Lloyds Said Set to Raise $38 Billion
dealbook.blogs.nytimes.com 10/26/2009 — Lloyds Banking Group plans to announce within days a $38 billion fundraising plan to shore up its balance sheet and avoid a British debt insurance program, The Times of London reported.
Lloyds to 'review' closure of C&G
hf-implode.com 8/19/2009 — " The firm had announced in June that all 164 C&G branches across the UK would close with the loss of 833 jobs, but that decision may now be reversed."
UK Government has lost £10.9bn on stakes in RBS and Lloyds
telegraph.co.uk 7/13/2009 — There will be no quick exit from taxpayer investment in Royal Bank of Scotland and Lloyds UK Financial Investments warned today.
Lloyds cash call is a gamble on the economy
hf-implode.com 7 days ago — Last week, Lloyds Banking Group asked its shareholders, including 2.8 million small investors, to put their hands in their pockets and give it a total of £13.5 billion as part of a massive capital raising exercise. After the State bailouts it is difficult to believe that the board, led by ...
City backs Lloyds cash call to save bank from more state help
guardian.co.uk 9/2/2009 — • Rights issue will limit government influence • Strategy could help fend off demands for disposals Lloyds Banking Group has won backing from its investors to raise £10bn as it fights to reduce its dependence on the taxpayer. The bank, which is 43% ...
RBS to consider further asset sales
ft.com 11/2/2009 — Published: November 2 2009 08:20 | Last updated: November 2 2009 11:20 Royal Bank of Scotland on Monday said it was considering further asset sales “not initially contemplated”, as part of the talks with the government aimed at breaking free from a ...
RBS and Lloyds sell repossessed properties to subsidiaries
business.timesonline.co.uk 8/26/2009 — Britain s taxpayer-owned banks are selling repossessed property assets to their own subsidiaries to avoid billions of pounds of losses that would be incurred by selling them in the open market. Royal Bank of Scotland (RBS), which is part-owned by ...
Bank of England bailed out RBS and HBOS
ft.com 12 days ago — Published: November 24 2009 11:15 | Last updated: November 24 2009 12:52 The Bank of England extended secret emergency financing to Royal Bank of Scotland and to what was then HBOS during the banking panic last October, indicating the two banks were ...
U.K. Wants Big Bank DivestmentsWSJ.com: What's News US 11/1/2009
The U.K.'s top treasury official said the government is starting a process to rebuild the country's banking system, likely pressing major divestments from institutions and trying to attract new retail banks to the market.
Bank Crackdown Draws CriticismWSJ.com: What's News US 11/5/2009
Politicians are putting pressure on regulators to go easy on small community banks across the U.S., a move some say could increase the cost of cleaning up the financial crisis.
New banking measures: Chipped, not brokenThe Economist: Full print edition 11/5/2009
The latest chapter in the banking rescue is less novel than it seems JUST over a year ago, as Britain’s banking system suffered a near-death experience, the government resuscitated it with an emergency infusion of capital. This week Alistair ...
New Era of U.K.-Bank Competition?WSJ.com: What's News US 11/6/2009
Generating greater retail-banking competition in the U.K. may be more difficult than expected, despite moves intended to lure new competitors to the market.
New Era of U.K.-Bank Competition?WSJ.com: What's News US 11/6/2009
Generating greater retail-banking competition in the U.K. may be more difficult than expected, despite moves intended to lure new competitors to the market.