Government reported set to add detail to bank rescue plan
LONDON (Reuters) - The government is set to give more detailed terms of its proposed 37-billion-pound bail-out of HBOS, Lloyds TSB, and Royal Bank of Scotland, the Financial Times newspaper reported on Tuesday.
The FT said Finance Minister Alistair Darling would use a statement to parliament on Tuesday to clarify the circumstances in which the banks would be allowed to restart paying dividends.
Government aid to HBOS and LLoyds TSB is dependent on the two merging, and their plan to do so is well advanced.
($1=0.6705 Pound)
(Reporting by Dan Lalor; Editing by Clarence Fernandez)
© Thomson Reuters 2009 All rights reserved.
Buffett says the panic is over
Warren Buffett, perhaps the world's most admired investor, says the financial panic that gripped the globe last year is a thing of the past. Full Article
UK
US
Carbon trading may cause collapse