|
|
Article: Extra Au30bn for bailed out banks.
- Article from:
- Independent Television News Limited (ITN)
- Article date:
- November 6, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Summary: Chancellor Alistair Darling has told MPs that a new state investment in Lloyds will "provide better value for the taxpayer".
Chancellor Alistair Darling has told MPs that a fresh state investment in Lloyds will "make (it) a stronger bank and provides better value for the taxpayer".
Mr Darling said overall, Government support to RBS will remain "broadly the same" and the new deal would provide "better risk sharing and greater incentives to exit".
He added that costs to the public purse would be "reduced markedly" under the new deals, which were "better for the taxpayer, better for the banks and better for the economy".
The ...