This snapshot taken on 08/11/2011, shows web content selected for preservation by The National Archives. External links, forms and search boxes may not work in archived websites.
Discussions have concluded with Lloyds Banking Group (Lloyds) and Royal Bank of Scotland (RBS) regarding their participation in the Government’s Asset Protection Scheme (APS). As a result of improved market conditions and following extensive due diligence announced in February, it was announced that:
The likely costs to the taxpayer and the risks on the impact on the public finances have been reduced. Both banks will still be required to meet tough conditions on pay and lending.
On the 7 December, the government published further details on the APS, including:
