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UK banks set to get up to 37bn
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BBC
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October 13, 2008
The government is to inject up to 37bn of new capital into Royal Bank of Scotland, Lloyds TSB and HBOS. Royal Bank of Scotland (RBS) is to raise 20bn - with the government buying 5bn of preference shares and underwriting 15bn of ordinary shares. RBS chief executive Sir Fred Goodwin has quit the firm...
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