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With the U.K.'s recession worsening, cabinet ministers are discussing the possibility of buying...

  • Thursday, August 2, 2012, 4:19 AM ET
    With the U.K.'s recession worsening, cabinet ministers are discussing the possibility of buying the 18% of RBS (RBS -0.6% in London) that the government doesn't own, the FT reports, in order to be able to compel the bank to lend more money to companies and so help spark growth. However, finmin George Osborne is opposed to the move, which would cost £5B and need clearance from the EU.
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    They own 82% of the bank and can't already "compel" it to lend? How does that work?
    2 Aug 2012, 04:53 AM Reply Like
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