Tag Archives: nationalised banks

Black NAMA Tuesday

The bank bailout could cost taxpayers a staggering €75 billion  and Anglo Irish Bank alone could account for €40bn of it.

Taoiseach Brian Cowen promised last year to write whatever cheques were necessary to rescue the banks and the huge cost of meeting that promise became clear yesterday.

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Partly nationalised UK banks – Royal Bank of Scotland and Lloyds

In England, the UK government owns 84% of Royal Bank of Scotland. The shares in this bank need to be 50 pence each to let the taxpayer break even. The shares ended 2009 at 29.2pm flagging a loss of £20 billion to Joe Public.

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