Articles tagged "bail-out"

City fat cats are stealing our pensions

Last updated: Aug 17th, 2011

Feature by Rev George Pitcher

Big corporations are inclined to regard their pension funds as company assets, rather than the retirement benefits of their employees. So where's the money gone?

Clegg supports free bank shares for UK citizens

Last updated: Jun 23rd, 2011

News by Rebecca Rutt

Nick Clegg has backed plans to give British adults free shares in the part-nationalised banks Lloyds and Royal Bank of Scotland.

Bail out for the Irish republic gets go-ahead

Last updated: Nov 22nd, 2010

News

As anxious savers threaten a run on Irish banks, Ireland finally accepts a financial bail out from Europe.

Are you ready to bail out the airlines?

Last updated: Apr 21st, 2010

Feature by Sarah Modlock

The volcanic eruption in Iceland has caused major disruption for airlines across Europe, as well as costing them money. Will the taxpayer be expected to bail out the airlines, asks Sarah Modlock.

£850 million of taxpayers' money used to rescue banks

Last updated: Dec 4th, 2009

News

Taxpayers have forked out £850 billion to bail out the UK’s beleaguered financial system so far, according to a review from the National Audit Office.

Lloyds and RSB resist larger taxpayer stake

Last updated: Sep 21st, 2009

News

Lloyds Banking Group says its better-than-expected results mean it might not to need to participate in the government's bad-loan insurance scheme.

Lloyds may be forced to sell Halifax

Last updated: Sep 17th, 2009

News

Lloyds Banking Group may be forced to sell Halifax as punishment for the billions of pounds of state aid it has received.

Bailed-out banks sitting on huge losses

Last updated: Jul 13th, 2009

News

The body that manages the government's stake in the bailed-out banks has warned that bringing these institutions back into the private sector will be “challenging” as they sit on paper losses of £10.9 billion.