RBS & Lloyds get another bailout form UK taxpayer (November 03, 2009)
Amazingly RBS, already 70% owned by the government, is to get another £25.5 billion+ bailout totalling around £45 billion making it the most expensive bank bailout in the world.
Lloyds will get £5.8 billion.
Has this government gone mad?
This brings RBS almost under full ownership of the UK government. Both banks have said they will not pay cash bonuses to staff that earn more than £39,000, well that is generous of them. How about a pay cut to the managers with some sort of performance based wage or bonus, performance being judged on improving the banks stability and the general economy .
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