Mr. Frank goes back to Washington

Mr. Frank goes back to Washington

Former Congressman to testify before Congress on Dodd-Frank impact

Happy 4th birthday Dodd-Frank! Everyone hates you

How effective has Dodd-Frank really been?

Monday Morning Cup of Coffee: Former CFPB head eyes White House?

The bubble’s last days; New HUD rule the “Common Core” of housing
W S

RBS, Lloyds pledge $156bn of new UK business, mortgage loans

/ Print / Reprints /
| Share More
/ Text Size+
Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc agreed with the UK Treasury to make £105bn (US$156bn) of new loans available to businesses and homebuyers over the next 12 months. RBS, Britain’s biggest government-controlled bank, will provide as much as £50bn in gross business lending, and Lloyds, 41% state-owned, will provide £44bn, the companies said today in separate statements. That compares with £79.7bn of gross lending to businesses last year, the banks said. “We have the capital to make this lending available,” said Philip Hampton, chairman of RBS in a statement. “The right amount of debt for businesses will be greatly influenced by the pace of economic recovery.”

Recent Articles by Diana Golobay

Comments powered by Disqus