TITLE

Taxpayer bank aid could last 10 years

AUTHOR(S)
Jones, Lee
PUB. DATE
July 2009
SOURCE
Money Marketing;7/16/2009, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the huge deficit of UK Financial Investments Ltd. in the Royal Bank of Scotland (RBS) and Lloyds Banking Group PLC in Great Britain. According to UKFI's 2009 report, UKFI incurred 10.92 billion pounds paper losses in RBS in June, a decline from 18.14 billion pounds in February. UKFI acting chairman Glen Moreno states that reprivatization of the banks would not be easy due to the debts but disposal of investment would recoup taxpayers' stakes.
ACCESSION #
43515978

 

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