RBS and Lloyds to get £39.2 billion more
The Royal Bank of Scotland (RBS) and Lloyds Banking Group, two banks part-owned by the UK government following their near collapse at the height of the financial crisis last year, were given further capital injections on Tuesday.
The Treasury unveiled an additional support package worth £33.5 billion ($55.5 billion) for RBS, making it the largest bank bailout in the world. Of that total, £8 billion ($13.3 billion) has been earmarked as contingent capital, which will only be triggered in the
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