Yorkshire Lad Posted March 5, 2009 Share Posted March 5, 2009 (edited) More money spent by the BOE http://uk.reuters.com/article/hotStocksNew...515404220090305 LONDON, March 5 (Reuters) - The British government and Lloyds Banking Group (LLOY.L) are still discussing the terms of the bank's participation in the Asset Protection Scheme, a Treasury source told Reuters on Thursday."We are keen to get a resolution as soon as possible," the source said. No decision is expected early on Friday, but an announcement could still come in the afternoon or talks could last through the weekend. Analysts expect Lloyds to place about 250 billion pounds' ($353.6 billion) worth of its riskiest assets into the scheme to insure against future losses. Last week, Royal Bank of Scotland (RBS.L) insured 325 billion pounds' worth of assets, paying for the cover with non-voting shares. The government already owns 43 percent of Lloyds and a similar deal to that arranged with RBS could see the state's economic stake in Lloyds rising above 50 percent. Edited March 5, 2009 by Yorkshire Lad Quote Link to comment Share on other sites More sharing options...
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