May 17, 2020 / 12:07 AM / 13 days 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 bit.ly/2Z8NAvR.

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

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