State withdrawal from banks begins.
Investors Chronicle - magazine and web content, May, 2009
Byline: John Adams
ANALYSIS: The high point of government intervention in the banking system may have passed
A succession of bank bail-outs have certainly left the government with an unprecedented level of control over the UK's banks. But with Lloyds having announced a GBP4bn private fund-raising - to replace government-held preference shares - and following the departure of its HBOS-tainted chairman Sir Victor Blank, the high point of government intervention may have passed.
Ironically, given that Sir Victor effectively did the government's bidding in rescuing HBOS from oblivion, it appears to have been UK Financial Investments, which manages the state's banking investments, that made his departure inevitable. It will want Lloyds'...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
