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Royal Bank of Scotland may need more taxpayer funds to nurse the state-controlled lender back to health, Alistair Darling said yesterday hours after announcing a £33.5 billion bailout package for the bank — the biggest of its kind in the... Full Article at Times Online
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find a better deal on: Startling ... figures are a concern A YEAR after Alistair Darling first "oiled the wheels" of the banking system to get it going he's had to reach into his pocket once more. Full Article at The Sun
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It was groundhog day in the Square Mile yesterday as the Chancellor, Alistair Darling, unveiled his second attempt to revive Britain's "zombie" banks in just over a year. Full Article at The Independent
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Alistair Darling reminded me of a teenager asking for money as he tried to explain why he needed yet more cash for the banks. First he told us what an incredible success his first two bank bailouts had been. Full Article at Times Online
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Chancellor Alistair Darling will this week unveil his proposed overhaul of the UK banking system which includes breaking up Lloyds and Royal Bank of Scotland and bringing "at least" three new banks to the high street. Full Article at The Independent
Related Quotes
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Let's not miss the elephant in the room. The Government is having to put another £39.2bn of taxpayers' money into the banks – a bigger bailout than the original bailout last autumn.
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What you really want to do is have quite a substantial divestment — perhaps branches or perhaps particular institutions that they own — made available to other people
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will be divesting some of the holdings they have at the moment ... What you really want to do is have substantial divestment, of branches or particular institutions they own, made available to other people.
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We will be able to split Northern Rock by the end of the year but I'm not going to rush into a sale. We will only sell when the time is right and when the price is right
