The taxpayer owns 41pc of Lloyds and 82pc of RBS: They Are About To Get Hammered

When taxpayers rescued the Royal Bank of Scotland (RBS) in December 2008, eventually amassing an 82 per cent stake, it was assumed that from then onwards everything would be conducted in a clean and prudent manner. Unfortunately it wasn’t. An announcement that the bank has been fined hundreds of millions of pounds for the dishonest manipulation of the interest rates is imminent.

2 comments on “The taxpayer owns 41pc of Lloyds and 82pc of RBS: They Are About To Get Hammered
  1. Alf says:

    Just to add insult to injury…here’ another Lloyds/ RBS scam the taxpayer is
    on the hook for…
    Lloyds Banking Group said that PPI compensation costs would hit £5.3bn as it set aside a further £1bn against claims, while Royal Bank of Scotland is expected to confirm that its total bill is likely to be increased by £400m to reach £1.7bn.

    http://www.telegraph.co.uk/finance/personalfinance/consumertips/banking/9649620/Banking-industry-PPI-bill-tops-11bn.html

    You can ignore it Dave, but it won’t go away.

  2. What-me-worry? says:

    Yawn. Spray me a new trail.

Watch the latest Keiser Reports:

Watch our Google Hangouts: