uk bank bailout

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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...

Tags: Bank, UK Bank Bailout, Financial Services, Joanna Higgins

Blog posts 2008-10-08

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Bank chief given pounds 9.6m incentive

Byline: HENRYK ZIENTEK ROYAL Bank of Scotland chief executive Stephen Hester is in line for a pounds 9.6m pay package if he leads a turnaround of the ailing lender, it has emerged. RBS has won support for the pay deal from UK Financial Investments, which controls...

Articles 2009-06-23

State withdrawal from banks begins.

Byline: John Adams ANALYSIS: The high point of government intervention in the banking system may have passed A succession of bank bail-outs have certainly left the government with an unprecedented level of control over the UK's banks. But with...

Articles 2009-05-20

Inquiry into Scots banks' collapse moves a step closer Holyrood

A POWERFUL Holyrood committee is drawing up plans for an investigation into the collapse of the country's two largest banks. MSPs want an inquiry into how HBOS and Royal Bank of Scotland RBS turned from profi table institutions into fi rms requiring a bail-out. The group wants...

Articles 2009-05-10

Feeling the pinch

THE current economic downturn began in the US, where a rise in interest rates between 2004 and 2006 led many homeowners to default on their mortgages. The first major sign of trouble in the UK came in September 2007 when Northern Rock was given emergency support by the...

Articles 2009-04-22

Concern for the Economy Increases by 463% as Trust in Banking Sector Dips 44%.

LONDON, April 22 /PRNewswire/ -- With Chancellor Alistair Darling expected to concede in today's budget that the government will fail to recover a significant amount of the GBP60bn bailout funds already spent on UK banks, new research has uncovered concern for the ...

Articles 2009-04-22

Poll finds 57% of savers are splitting up investments.

Byline: Gail Moss Most UK savers have split their money into more than one investment or savings product, according to Fairinvestment.co.uk, the independent financial comparison website. Fairinvestment.co.uk found that following the bailout of HBoS and Royal Bank of Scotland,...

Articles 2009-03-26

UK banks benefit in bail-out

Byline: HENRYK ZIENTEK US insurer AIG has revealed that UK banks were among the beneficiaries of its massive state bail-out - amid mounting anger over bonus pay. AIG said more than pounds 63.3bn was paid to banks, including Barclays, HSBC and Royal Bank of Scotland, between...

Articles 2009-03-17

The glittering allure of gilts.

Byline: Peter Sleep Due to their central role in government financial stimulus packages and bank bail-outs, gilts are gaining in popularity as a safe haven for several reasons The onset of the latest economic chill has seen a blizzard of...

Articles 2009-03-09

Drowning in debt.

Byline: Joanne Hart Sovereign debt issuance on an unprecedented scale is about to be unleashed on the markets. Major countries, such as the US, the UK and those in the eurozone, face the double whammy of reviving their economies with a fiscal stimulus...

Articles 2009-03-01

Anger mounts at banker's pension; ACTION DEMANDED TO RECOUP CASH

PRESSURE is mounting on the Government to take action over the pounds 693,000-a-year pension of ousted Royal Bank of Scotland boss Sir Fred Goodwin. Treasury minister Lord Myners last night wrote to Sir Fred, urging him to think again about his "unfortunate and unacceptable" decision to reject ministers'...

Articles 2009-02-27

Should we bail out biotech? UK biotechnology companies are coming to the government with begging bowls in hand. It is better to let these weaker companies, and their investors, fall than prop up discredited investment models

Every industry in the Western economy has been begging for a bailout this last month. Envious eyes see the trillions given by governments to the banking sector since October 2008, and, not unreasonably, say 'I want some too'. Biotech is no exception, with luminaries calling for 500m [pounds sterling], 1bn...

Articles 2009-02-23

Public borrowing hits all-time record high

PUBLIC borrowing spiralled to a new record high as official figures warned bank bail-outs could add up to pounds 1.5 trillion to the national debt. Net borrowing between April and January soared to pounds 67.2bn, the Office for National Statistics ONS said - prompting forecasts that it could...

Articles 2009-02-20

Bailouts Cushion Decline In 2008 Global Mergers

The volume of worldwide mergers and acquisitions fell 30% last year compared with 2007, but the decline in announced deals would have been even larger without the government bailouts of financial institutions, which represented a significant share of M&A activity. The financials sector accounted for 22.4% of all European...

Articles 2009-02-01

Banking shares revive

Byline: HENRYK ZIENTEK LLOYDS Banking Group led a revival in the sector's fortunes after City pundits took a more optimistic view of prospects for the UK banks. Lloyds, which has completed its rescue takeover of Halifax Bank of Scotland, saw its shares rise by 45% at...

Articles 2009-01-29

Meanwhile, back in 2009 . . . what are the goverment's other

IT will take "four to six weeks" for the government to work out the details of its last bank bailout scheme. According to the new Treasury minister, Lord Myners, the government could then be facing another crisis in early March if it miscalculates the premiums on the insurance scheme to...

Articles 2009-01-25

'Recovery policies need time to work'

Byline: By HENRYK ZIENTEK Business Reporter CHANCELLOR Alistair Darling has urged people to give his economic policies time to work- as it was confirmed the UK is officially in recession. Mr Darling warned that it would take time for Government policies, including this week's multi-billion pound...

Articles 2009-01-24

The second meltdown.

Byline: Robert Guy Jan 22, 2009 (The Australian Financial Review - ABIX via COMTEX) -- Government measures have failed to stabilise the banking systems of the UK, Europe and the US. In mid-January 2009, the UK Government announced a second bail-out package. Some...

Articles 2009-01-22

New efforts to save bank jobs; Yorkshire Minister in talks after merger

Byline: By HENRYK ZIENTEK Business Reporter RENEWED efforts to safeguard the jobs of thousands of HBOS workers in Yorkshire are under way following the bank's merger with Lloyds TSB. Rosie Winterton, Minister for Yorkshire, and Tom Riordan, chief executive of development agency Yorkshire Forward, met top...

Articles 2009-01-22

Plan to boost car finance

THE Government is looking at a proposal to inject liquidity into the finance arm of the motor industry, Business Secretary Lord Mandelson has said. He was responding to a report saying more car loans could be encouraged by extending the Bank of England's special liquidity scheme to motor-based...

Articles 2009-01-16