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UK government, RBS, and Lloyds begin the bad asset removal process
In the first real appearance of specific moves towards the inevitable Great Unwinding RBS announce plans to reduce their balance sheet by 25%. RBS to cut balance sheet by 25% | ft.com Royal Bank of...
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Lloyds next, and then Barclays
I feel for those I know at Lloyds firstly because I know them, and secondly because I used to work for Bank of Scotland (now HBOS, now Lloyds). What is poignant is that Lloyds was the risk averse bank....
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Lloyds moves to regain independence
This is nice to see. Lloyds is was the most risk averse bank before the crisis. Yet after the Government intervention and Lloyds ‘takeover’ of HBOS with all their self inflicted mortgage problems,...
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