Financial Times FT.com

Lehman Brothers

UK to inject £39bn into banks

By Peter Thal Larsen, Jane Croft, Jean Eaglesham and Kate Burgess

Published: October 12 2008 18:33 | Last updated: October 13 2008 05:40

Financial crisis summit

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.

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