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Asian Age
Britain breaks up RBS, Lloyds in banking rejig
Nov. 3: Britain on Tuesday announced a second bailout of two banks — Royal Bank of Scotland and Lloyds Banking Group - worth more than £31 billion as chancellor of the exchequer Mr Alistair Darling, confirmed fundraising and break-up plans for the two... Full Article at Asian Age
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As critics slammed the latest bail outs, both banks promised that нbonuses for executive directors would be deferred until 2012. Staff earning more than г39,000 would not get any bonuses this year. Full Article at Daily Express
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Ministers yesterday launched a £50billion bailout of Britain's crippled banks - and warned there could be worse to come. Full Article at Daily Mail - UK
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Britain will force state-rescued banks RBS and Lloyds Banking Group to sell assets in a massive shake-up of the banking sector but will support them with STG30 billion ($A54.36 billion), the government said on Tuesday. Full Article at Sydney Morning Herald
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The moves will further stabilize the banks, reduce risks to taxpayers, and increase competition, the government says. Britain took stakes in the banks as part of earlier bailouts. Full Article at The Bellingham Herald
Related Quotes
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The integration of HBOS is proceeding well and cost synergies are coming through faster than expected
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The focus has been on the banking sector with RBS taking an additional 25.5 billion pounds from the government and Lloyds confirming its rights issue
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I believe at the end of the day the banks will be paying money to the British public and not the other way round
