Nov 3rd, 2009 - Wall Street Journal
Who ever said life is fair? Eric Daniels drove Lloyds Banking Group into a brick wall last year but his reward is a sweet deal agreed with the UK government and European Union that gives him and his bank the chance of a fresh start. But Stephen Hester, who took charge of Royal Bank of Scotland when it was on the point of collapse, sees his own restructuring plans thrown into disarray by the EU, leaving him with an even longer and harder slog to escape government clutches. But hey, that's politics.
Related stories:
RBS, Lloyds Bonus Caps May Prompt Pay Retaliation
Nov 3rd, 2009 - Bloomberg
Nov. 3 (Bloomberg) -- Bonus caps at Lloyds Banking GroupPlc and Royal Bank of Scotland Group Plc may lead them toincrease base salaries, said Paul Mumford, a fund manager atCavendish Asset Management.
Darling hails Lloyds and RBS move
Nov 3rd, 2009 - BBC NEWS
Both banks will sell off hundreds of branches
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...Alistair Darling: RBS and Lloyds bonus clampdown 'better for taxpayer'
Nov 3rd, 2009 - Telegraph
Royal Bank of Scotland and Lloyds Banking Group have agreed to dramatic caps on bankers' bonuses as the price for receiving billions more in taxpayer aid.
Speaking as...AT A GLANCE: Lloyds, RBS Finalize Bailout Deals
Nov 3rd, 2009 - Wall Street Journal
THE EVENT: Lloyds Banking Group PLC (LYG) and Royal Bank of Scotland Group PLC (RBS) Tuesday announced terms of their U.K. government bailouts and their divestment requirements mandated by the European Union...
RBS, Lloyds Get 31.3 Billion Pounds From UK in Second Bailout
Nov 3rd, 2009 - Bloomberg
Nov. 3 (Bloomberg) -- Royal Bank of Scotland Group Plc andLloyds Banking Group Plc will receive 31.3 billion pounds ($51billion) from the U.K. taxpayer in their second bailout.
The Treasury will inject 25.5 billion pounds into RBS...
Related videos from YouTube:
6:20John Redwood Seminar part 1
One year on from the part-nationalizations of Lloyds-HBOS and RBS, John Redwood MP pins the blame for the financial crisis squarely on bad monetary policy from the Bank of England and misguided regulation and inadequate crisis management by the UK government ...
2:53cantosTV: UK Government unveils £37bn bank plan
Prime Minister Gordon Brown and Chancellor Alistair Darling unveil plans to inject £37bn into three of the UK's biggest banks - Lloyds TSB, Royal Bank of Scotland and HBOS.
9:04This week Ken Livingstone on Gordon Brown the Recession and Strong Government. The UK is likely to report a recession next year in January 2009, joining, Germany, South Korea, Spain, the US and the Euro zone as a whole, already in recession.
This week Ken Livingstone on Gordon Brown the Recession and Strong Government. With Andrew Neil, Michael Portillo and Diane Abbott.
9:47John Redwood Seminar Part 4
One year on from the part-nationalizations of Lloyds-HBOS and RBS, John Redwood MP pins the blame for the financial crisis squarely on bad monetary policy from the Bank of England and misguided regulation and inadequate crisis management by the UK government ...
