RBS and Lloyds shares for sale
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Posted on November 2nd, 2009 in london news commercial banks, london government
The government in London will give ‘birth to three commercial banks by selling shares of Royal Bank of Scotland, Lloyds and the Northern Rock. The sale of the three institutions, saved with taxpayers ‘money, will serve’ to the government to recover some of the funds and increase competition in the banking market. According to the Sunday Telegraph, the banks will be commercial and will have only one class of investment. Among possible buyers there would be Virgin and Tesco.
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