Qualified advisers answering your
Financial Questions
call 0800 092 1245

Lloyds bank set to announce a £23 billion fundraising

Lloyds bank is rumoured to be on the verge of announcing a £23 billion fundraising which will see investors inject around £12 billion into the business and a further £11 billion would be raised through the issue of new loan capital to replace existing borrowings. All in all, the UK taxpayer would be expected to inject a further £5 billion into the operation because of its 43% stake in the enlarged Lloyds bank and HBOS business.

While this should eventually draw a line under the recent problems at Lloyds bank there is anger that UK taxpayers will again be forced to stump up a significant amount of money to bail out a UK banking operation. The very fact that Lloyds bank has already had billions upon billions of pounds of taxpayer's money will not help the situation although ultimately with the company's balance sheet weakened, the UK government has little option but to go with the flow and invest further capital.

This is an issue which has been held up by various regulatory problems with the FSA, Bank of England and the Treasury. Hopefully we should now be nearing the end game when the directors will then be able to refocus their efforts on the business itself as opposed to trying to repair the balance sheet.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details