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£200bn To Save Banks From Bad Debt

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In an attempt to restore confidence within the financial sector, the Treasury will tell the banks of its plan on Saturday. It aims to announce details of the rescue package publicly early next week.

Daily Telegraph

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The major users of the toxic bank will include Royal Bank of Scotland, in which the Government already has a 60 per cent holding. RBS is understood to have been forced to write off a £2.5 billion loan to a Russian oligarch.

Please let this be Deripaska.

So it looks like Barclays and HSBC may be dragged kicking and screaming into this sorry mess. That's a full house isn't it?

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Good reason to stop paying taxes altogether then. Start a business and go offshore.

Why the F would you lend 2.5 billion to a Russian? 20 years ago, these people were queuing for potatoes and spending their rubles on Levis. How the F does the bank think it will get the money back if he defaults?

Russians are dodgy as F. I wouldn't lend them a quid.

Edited by GregG

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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