The U.K.'s five major banks - Barclays (BCS), Royal Bank of Scotland (RBS), HSBC (HBC), Standard...

|About: Barclays PLC (BCS)|By:, SA News Editor

The U.K.'s five major banks - Barclays (BCS), Royal Bank of Scotland (RBS), HSBC (HBC), Standard Chartered (SCBFF.PK) and Lloyd's (LYG) - will pay hundreds of millions of pounds per year to the U.K. government as a charge for their risks to the economy, according to final draft legislation. The levy also will hit large U.S. and European banks but will apply only to their U.K. balance sheets.