RBS, Lloyds Get $51 Billion in Second Bank Bailout (Update3)

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Anglo Irish Bank

bloomberg.com - 17 days ago

RBS, Lloyds Get $51 Billion in Second Bank Bailout (Update3)

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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 billion pounds of capital into RBS, for a total of ...

hf-implode.com - 17 days ago

RBS, Lloyds Get $51 Billion in Second Bank Bailout

— hf-implode.com — "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." (more) RBS, Lloyds Get $51 Billion in Second Bank Bailout

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iehi posted 17 days agoposted this

hf-implode.com - 19 days ago

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

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iehi posted 19 days agoposted this

Blog Reactions

Calculated Risk: Another $51 Billion for RBS and Lloyds

[ The Financial Ninja ]: Bailing Out Failed Bailouts

Stefan Karlsson's blog: Bailouts -And Bonuses- Continues In Britain

Reactions

RBS, Lloyds Get $51 Billion in Second Bank Bailout http://bit.ly/4uAFpB #tlot #economics #tcot 17 days ago

Bad Banks http://bit.ly/3ls6NO 17 days ago

UK bailing out RBS and Lloys for another $51bn... this is a sign of what more is to come http://bit.ly/4aFrGF continue short on GBP $$ 17 days ago

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Another $51 Billion for RBS and Lloyds
Calculated Risk — From Bloomberg: RBS, Lloyds Get $51 Billion in Second Bank Bailout The Treasury will inject 25.5 billion pounds of capital into RBS, for a total of 45.5 billion pounds, making it the costliest bailout of any bank worldwide. The government will fund about a quarter of Lloyds’s 21 billion-pound fundraising. And from The Times: Banks defer bonuses in return for extra £40 billion In return for receiving billions of pounds more of taxpayers' money, the Treasury said, both banks will not pay cash bonuses for 2009 to any staff earning more ...

Bailing Out Failed Bailouts
[ The Financial Ninja ] — Yesterday I wrote that we were Passing Thru the Eye of the Storm. Evidence that the sky is darkening once again with financial storm clouds is the sudden increase in bailouts. While a bailout is in itself disheartening and just the absolute wrong policy choice in general, what really hurts is that they are done so poorly. Failed bailed out companies are coming back for second and third rounds and the government is throwing additional good money after bad. GMAC May Receive Third Government Bailout in November (Update3): "GMAC Inc., the lender that received two government bailouts totaling $13.5 billion, is negotiating with the Treasury ...

Bailouts -And Bonuses- Continues In Britain
Stefan Karlsson's blog — The U.K. government will step in with an additional £31.2 billion to troubled banks Royal Bank of Scotland and Lloyd's in a sign that the problems for the British banking sector isn't over. ...

Related: u.k gives bailout to royal bank of scotland