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News - Packagers

Mortgage Solutions weekly news analysis

Mortgage Solutions | 17 Oct 2008 | 15:27 | screening image

Editor in Chief Paula John discusses the Government's move to invest £37bn in Royal Bank of Scotland...

Editor in Chief Paula John discusses the Government's move to invest £37bn in Royal Bank of Scotland, HBoS and Lloyds TSB this week.

As a result, taxpayers will own around 60% of RBS and 40% of the merged Lloyds and HBoS. The move has now been copied around the world, with the US Treasury committing $250 billion dollars towards taking similar stakes in nine banks.

Elsewhere, the Office of Fair Trading has recommended that the FSA regulate the sale-and-rent-back sector, and Nigel Payne has quit as managing director of BM Solutions.

Categories: Packagers
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