UK Chancellor George Osborne’s not happy about the idea, but senior government officials are talking about a full nationalisation of the beleaguered bank by buying the remaining 18% of the bank.
This flies in the face of the labour government’s 2008 policy, and comes ahead of Friday’s earning’s release which is expected to show pre tax losses in the region of around £1.5 bln which will include provisions for fines and compensation related to the recent IT systems collapse.
More …. UK FT
