
Britain was on Sunday preparing to pump about £39bn into three of the country’s largest banks in a broad-based recapitalisation that could see the UK government end up with controlling stakes in Royal Bank of Scotland and HBOS.
By Peter Thal Larsen, Jane Croft, Jean Eaglesham and Kate Burgess
Published: October 12 2008 18:33 | Last updated: October 13 2008 05:40

Britain was on Sunday preparing to pump about £39bn into three of the country’s largest banks in a broad-based recapitalisation that could see the UK government end up with controlling stakes in Royal Bank of Scotland and HBOS.