May 17, 2020 / 12:07 AM / 2 months ago

UK mulls plan for 'bad bank' to hold stakes in bailed-out firms - Sunday Times

(Reuters) - The British government is considering a plan for a "bad bank" that would hold stakes in bailed-out businesses that many fear could fail during the COVID-19 crisis, the Sunday Times newspaper reported

The plans are at an early stage and range from creating an “asset resolution” scheme to recoup value for taxpayers, to a sovereign wealth fund, the newspaper said.

Reporting by Sabahatjahan Contractor in Bengaluru; Editing by David Gregorio

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below