'Rework bailout' boosts bank shares
Updated on 15 October 2008
Shares in the three UK banks being bailed out by the Government rose amid reports of pressure for the £37 billion plan to be reworked.
Royal Bank of Scotland and merger partners Lloyds TSB and Halifax Bank of Scotland have seen their shares continue to slide after the rescue deal was announced.
The scheme allows the banks to receive billions of pounds of emergency capital but bars them from paying out dividends to ordinary shareholders until hefty Government stakes are repaid.
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