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RBS, Lloyds target £54bn funding
Source: FT Alphaville
Nov 03, 2009


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Summary
Lloyds Banking Group and RBS, the part-nationalised UK banks, are set to outline moves to raise a combined £54bn in fresh funding, in a radical reshaping of Britain’s finance industry. Alistair Darling, chancellor, will confirm on Tuesday that the government will contribute more than £30bn of the new capital and will announce an emergency £8bn “contingent equity” fund for RBS....

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