asset protection scheme
Treasury publishes details of Asset Protection Scheme
The Treasury has today published its final agreement with the Royal Bank of Scotland on the bank’s participation in the Asset Protection Scheme, along...
RBS likely to sell its insurance operations (Churchill and Direct Line brands) and cut 3,700 jobs
Royal Bank of Scotland said it would be forced to sell more assets than it had expected and axe 3,700 jobs from its retail...
British bank RBS signals new asset sales
Britain's Royal Bank of Scotland said Monday it will consider selling more assets than initially planned to win EU support for the state aid...
Lloyds could have to pay £1 billion to avoid debts insurance
Lloyds Banking Group could have to pay more than £1 billion to avoid taxpayer-backed insurance for its toxic debts, it has been reported.
The bank...
Lloyds could offload its insurance operations
Lloyds Banking Group chief executive Eric Daniels must keep many plates spinning to keep alive his hope of launching a record rights issue, and...
Lloyds in talks with the govt and the financial regulator over “possible alternatives” to the asset protection scheme
Lloyds said it may scale back or cancel its participation in a state-backed scheme to insure it against credit losses, as a healthier economy...
