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- UK Bank Bailout Has Strings Attached
- UK Prime Minister Gordon Brown's government will make £500bn available through a series of measures designed to salvage the fortunes of struggling commercial lenders. These include Debt issued by banks will be guaranteed up to £250bn Up to £200bn from the Bank of...
- Blog posts 2008-10-08
Additional Resources
- UK Bank Bailout May Have Broken WTO Rules
- LONDON (Reuters UK) - The government could face trade sanctions if it is found guilty of protectionism as a result of the bank bailout, Pascal Lamy, director general of the World Trade Organisation, told the Sunday Telegraph.Lamy said the WTO will likely examine whether countries that bailed out their banks...
- News items 2009-11-22
- Lloyds Banking Group Just May Be Able to Exit Bank Bailout
- Research Recap submits: The prospect for Lloyds Banking Group LYG escaping the UK Goverment’s bank bailout scheme have gotten a boost from a new research report on the UK banking sector from Execution analyst Joseph Dickerson. The Independent reports that Dickerson issued a “buy” recommendation...
- External links 2009-09-24
- Bank Bailout May Have Broken WTO Rules
- LONDON (Reuters UK) - The government could face trade sanctions if it is found guilty of protectionism as a result of the bank bailout, Pascal Lamy, director general of the World Trade Organisation, told the Sunday Telegraph.Lamy said the WTO will likely examine whether countries that bailed out their banks...
- News items 2009-11-22
- Will the Second Bank Bailout Help Business?
- "This is a momentous day -- but extraordinary times demand extraordinary policy solutions." Richard Lambert, director general of the CBI, may be right, but businesses are wondering whether the government's intervention on behalf of the banks will improve credit availability. ...
- Blog posts 2009-01-19
- U.S. Cuts Estimate of Bank Bailout Costs
- By Glenn SomervilleWASHINGTON (Reuters UK) - The projected long-term cost of the U.S. government's bailout of the nation's big banks is going to be at least $200 billion less than previously thought, a Treasury Department official said on Sunday night.The Obama administration had estimated the cost to taxpayers of the...
- News items 2009-12-17
- Bank Bailout Cost Hits £850 Billion
- By Kirstin RidleyLONDON (Reuters UK) - The price tag for bailing out UK banks has hit 850 billion pounds but Britain's spending watchdog says the final cost to taxpayers will not be known for years.The independent National Audit Office NAO said Friday the government was justified in asking the public...
- News items 2009-12-03
- UK Offers Bailout Funds to HSBC, Seven Other Banks
- UK Prime Minister Gordon Brown’s government will make £400bn available through a series of measures designed to salvage the fortunes of struggling commercial lenders. These include: Debt issued by banks will be guaranteed up to £250bn Up to £200bn from the Bank of...
- Blog posts 2008-10-08
- Bank of America to Repay TARP
- NEW YORK (Reuters UK) - Bank of America Corp BAC has reached an agreement with the U.S. government to repay its $45 billion (27 billion pounds) of bailout funds in the next few days, the company said on Wednesday.The Charlotte, North Carolina-based banking giant is expected to sign the documents...
- News items 2009-12-02
- Brown to Push Bank Bailout Plan
- By Adrian CroftLONDON (Reuters UK) - Prime Minister Gordon Brown said he would lobby for support for his plan to make banks pay for any future bailout at a Commonwealth summit this week.He also wants Commonwealth leaders meeting in Trinidad and Tobago from Friday to give a push to climate...
- News items 2009-11-26
- UK's Brown to Push Bank Bailout Plan at Summit
- By Adrian CroftLONDON (Reuters) - Prime Minister Gordon Brown said he would lobby for support for his plan to make banks pay for any future bailout at a Commonwealth summit this week.He also wants Commonwealth leaders meeting in Trinidad and Tobago from Friday to give a push to climate change...
- News items 2009-11-27
- Update: Lloyds Bank to Test the Waters for Rights Issue
- Research Recap submits: Looks like Lloyds Banking Group’s LYG will get a shot at buying its way out of the UK Government’s bank bailout scheme, with a significant assist from the government itself. As reported previously on Research Recap, the chances of the bank being able...
- External links 2009-10-30
- Lloyds Bank May Look to Taxpayers to Help Fund Rights Issue
- Research Recap submits: Lloyds Banking Group reportedly has presented the Financial Services Authority with a plan to raise a total of £25 billion through a rights issue, asset disposals, and other measures. Lloyds Banking Group’s LYG efforts to avoid paying more than £15 billion to participate...
- External links 2009-10-08
- Citi to Pay Back U.S. Bailout Money
- NEW YORK (Reuters UK) - Citigroup C is nearing a deal with the U.S. government that would allow it to pay back its bailout money, several reports said on Sunday.The New York Times said Citigroup officials expect to raise about $18 billion (11.1 billion pounds) by selling stock in a...
- News items 2009-12-17
- U.S. Extends Bailout Fund
- By David LawderWASHINGTON (Reuters UK) - U.S. Treasury Secretary Timothy Geithner on Wednesday extended the government's $700 billion (430 billion pounds) financial bailout fund to October 2010, saying it was still needed for "significant challenges" in the economy.Geithner, in letters to congressional leaders, pledged to deploy no more than $550...
- News items 2009-12-17
- Don't Declare Victory Too Soon-Geithner
- By Glenn SomervilleWASHINGTON (Reuters UK) - The U.S. economy is struggling against "headwinds" that mean the government must retain the ability to respond to unexpected crises, even as it starts to wind down emergency programs, Treasury Secretary Timothy Geithner said on Thursday.Testifying before a congressional panel that oversees the Troubled...
- News items 2009-12-17
- BofA Sells Securities For TARP Repay
- By Dan WilchinsNEW YORK (Reuters UK) - Bank of America Corp BAC sold more than $19 billion (11.5 billion pounds) of equity on Thursday amid strong investor interest as it races to shed government regulatory curbs that have bedeviled its CEO search.The money raised will help repay $45 billion in...
- News items 2009-12-03
- Citi to Pay Back Part of U.S. Bailout
- NEW YORK (Reuters UK) - Citigroup C is nearing a deal with the U.S. government that would allow it to pay back some of its bailout money, The Wall Street Journal reported on Sunday, citing people familiar with the matter.The newspaper said the proposed deal would allow the bank to...
- News items 2009-12-17
- UK government to hold 43.4 percent of Lloyds-HBOS bank
- LONDON (Reuters) - The British state is to take a 43.4 percent stake in the combined Lloyds TSB-HBOS bank after shareholders largely shunned both lenders' rights issues, the two banks said on Monday. Existing shareholders bought just 0.5 percent of the new Lloyds shares offered in its rights issue, and...
- News items 2009-08-07
- UK Moves to Calm Fears of RBS Walkout Over Bonuses
- By Keith Weir and Paul HoskinsLONDON (Reuters UK) - Prime Minister Gordon Brown moved to allay fears of a mass walk out by the board of Royal Bank of Scotland, saying it would not be singled out for unduly harsh treatment over bonuses.In a rare move by politicians to calm...
- News items 2009-12-03
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