RBS & Lloyds get 31.3 billion pounds in second Bank Bailout

"Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc will receive 31.3 billion pounds ($51 billion) in a second bailout from the U.K. taxpayer as the two banks agreed to cap bonuses."

"Today’s bailout for RBS and Lloyds follows the 37 billion pounds the two lenders received last year and will bring the government’s stake in RBS to more than 84 percent from 70 percent. Barclays Plc, the U.K.’s second-biggest bank, and HSBC Holdings Plc, Europe’s largest, haven’t taken state aid."

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