Wednesday, Jun 02, 2010
The ongoing costs of those bank bailouts
FT Alphaville: Bailed-out bank stakes cost UK £3.2bn a year, JP Morgan says
How much did the bank bailouts cost? Some say the taxpayer even stands to benefit when the banks are sold off. Time will tell.
Add this to the balance sheet - it will cost approx £3.2bn for each year our government holds onto its stakes in the banks. There is also the risk of being exposed to the debt on banks books, not trivial given that future economic health should never be taken for granted.
Posted by mountain goat @ 01:08 PM (609 views) Add Comment
2 Comments
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1. mark said...
RBS are cutting another load of jobs
http://uk.finance.yahoo.com/news/rbs-to-cut-up-to-500-jobs-in-wealth-management-reuters_molt-ecde78148cfa.html;_ylt=AqQoxt1SKjp7xrnDOK9AKjHBXGwF;_ylu=X3oDMTBycmR0cDExBHBvcwMxBHNlYwN0b3BzdG9yaWVzBHNsawNGMQ--?x=0
2. Fraggle said...
Looks like JPM are after some cheap shares...