IndiaInsurance
27th February 2009, 12:41 AM
Royal Bank of Scotland Group Plc s effort to put about 200 billion pounds ($288 billion) of toxic assets into a government insurance program may not prevent it from being fully nationalised as the UK economy deteriorates. RBS, the first UK lender to take part in the asset protection plan, aims to disclose the terms of its participation when it reports results at 7 a.m.on Thursday in London. Lloyds Banking Group Plc and Barclays Plc may also join the programme. This is prolonging the inevitable and the inevitable is nationalization, said Tom Kirchmaier, a corporate governance lecturer at the London School ...
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More... (http://in.biz.yahoo.com/090225/50/6zif8.html)