The Independent logo The Independent 1 month ago

Darling unveils his great bank bailout – Mk II

Alistair Darling, 'We are creating a strong and vibrant financial services sector for the future'

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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  1. On a seismic day for the UK banking sector, Mr Hester said RBS's path to recovery could be impeded by the European Union's insistence on the sale of its most profitable arms. Full Article at The Scotsman

  2. Alistair Darling is to pump about £38bn more of taxpayers’ money into Royal Bank of Scotland and Lloyds Banking Group. Full Article at Guardian Unlimited

  3. ALISTAIR Darling has announced that the state-controlled banks would be broken up for sale in a bid to improve competition and recoup taxpayers’ cash from the bail-out of the sector. Full Article at Manchester Evening News

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  1. A man walks out of the main London branch of the Royal Bank of Scotland in the city of London Thursday, Dec. 3, 2009.
  2. LONDON, ENGLAND - NOVEMBER 23:  Stephen Hester, the Chief Executive of the Royal Bank of Scotland, delivers a speech to the CBI annual conference at the Park Lane Hilton hotel on November 23, 2009 in London, England.
  3. LONDON, ENGLAND - SEPTEMBER 01:  Climate change protesters blockade the entrance to The Royal Bank of Scotland's headquarters on September 1, 2009 in London, England. Climate campaigners have also been staging a week long protest camp in Blackheath south London.
  4. LONDON, ENGLAND - AUGUST 12:  Businessmen chat outside the headquarters of RBS (Royal Bank of Scotland) in London's financial district on August 12, 2009 in London, England.
  5. Britain's Chancellor Alistair Darling leaves Millbank Studios following an interview, London, December 10, 2009. The government's pre-budget report will soothe concerns about Britain's fiscal deficit and it would not be sensible to impose cuts any sooner, Darling told Reuters in an interview.
  6. LONDON, ENGLAND - DECEMBER 09:  Chancellor of the Exchequer Alistair Darling leaves the Treasury to deliver his Pre-Budget Report to Parliament on December 9, 2009 in London, England. The Chancellor is expected to announce new tax measures on bankers' bonuses in his Pre-Budget Report to Parliament.

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