Thursday, November 5, 2009

Darling hails Lloyds and RBS move

Alistair Darling has welcomed the announcements that Royal Bank of Scotland (RBS) and Lloyds Banking Group are to sell off hundreds of branches.
The chancellor said the sales, which had been demanded by the European Commission, were in the "best interest" of the wider UK banking sector.
The government also announced that it would be putting up to a further £39.2bn into the two banks.
RBS is to get up to £33.5bn, while Lloyds is to receive £5.7bn

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