RBS will pay at least £2.5billion to use the Government’s Asset Protection Scheme to insure itself against massive losses. But the NAO says it should have paid as much as £4.4bn.Lloyds, 41% owned by taxpayers, paid £2.5bn in exit fees but could have been forced to pay £4.5bn. For the latest updates PRESS CTR + D or visit Stock Market news Today
Tuesday, December 21, 2010
Lloyds and RBS "escaped" £4bn of bail-out fees
RBS will pay at least £2.5billion to use the Government’s Asset Protection Scheme to insure itself against massive losses. But the NAO says it should have paid as much as £4.4bn.Lloyds, 41% owned by taxpayers, paid £2.5bn in exit fees but could have been forced to pay £4.5bn. For the latest updates PRESS CTR + D or visit Stock Market news Today
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