22
Jun/090

Government Asset Protection Scheme

The new Government Protection Scheme will insure banks against asset losses and they will therefore be able to commit more to lending.

RBS had currently signed and now Lloyds have signed up to the scheme which will see them lending around £28 billion.

However, the Government has said that although taxpayers will eventually get something back, they “do not plan on nationalising the banking sector”.

Related posts:

  1. Government has over 65% Share of Lloyds
  2. Loan Sharks Re emerge as Banks Dry Up
  3. National Register of Landlords to Help Lettings Market
  4. Will Governments Mortgage Help Plan help or hinder?
  5. Lloyds blames huge 6 month loss on HBOS

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