RBS and Lloyds to get £39.2 billion more

darling-alistair-86-jpg

The Royal Bank of Scotland (RBS) and Lloyds Banking Group, two banks part-owned by the UK government following their near collapse at the height of the financial crisis last year, were given further capital injections on Tuesday.

The Treasury unveiled an additional support package worth £33.5 billion ($55.5 billion) for RBS, making it the largest bank bailout in the world. Of that total, £8 billion ($13.3 billion) has been earmarked as contingent capital, which will only be triggered in the even

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: