British Government To Take Over HBOS And Royal Bank Of Scotland

Karima Adebibe in Union Jack
Karima Adebibe in Union Jack

“The British government will on Monday announce plans to take controlling shares in HBOS and Royal Bank of Scotland (RBS), two of the banks worst affected by the global financial crisis, media reports said. Government representatives could be installed on their boards in a move so unprecedented that trading in banks on the London stock market could be suspended to allow traders to digest the news, newspapers reported.” [Link]

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