Time to map out a plan for Villa's future
- Says blogger Matthew Turvey
Banks’ £37bn rescue plan unveiled
Monday 13th October 2008, 9:33AM BST.
The government is to inject up to £37bn of taxpayer cash into Royal Bank of Scotland (RBS) Lloyds TSB and HBOS.
RBS is to raise £20bn, with chief executive Sir Fred Goodwin quitting the firm after his bank was forced to go to the Treasury for the bail-out.
A further £17bn will be put into HBOS and Lloyds TSB. Barclays intends to raise £6.5bn without government help.
The plans mean taxpayers will own about 60% of RBS and 40% of the merged Lloyds TSB and HBOS.
What do you think? Post your comments below.
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Cool wonder if they will clear me loan for free now as i own 40% lol
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