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UK banks back in trouble

While the UK bailout may be proceeding as planned it has been revealed that those banks which have taken emergency funding from the government are not allowed to pay dividends to shareholders for 5 years, under EU laws. So while Lloyds Bank shareholders seem ready to cause trouble for the UK government it seems as though their fight may be futile. So what next?

This leaves the banks rescue package on a knife edge with shareholders set to shun the banks shares while the government has a stranglehold on affairs. Without the two parties working together there is very little real chance of a long term solution to the problem and we could be back to square one again.

This whole scenario is getting more and more complicated because you have shareholders looking to protect their own interests and the government wanting to be seen to play hard ball with the banking community. One or more sides will need to step back and agree a compromise deal because the repercussions of the deal foundering at the last hurdle do not bear thinking about.

This literally is the last throw of the dice and the reaction of stock markets over the last couple of days reflects the new mood, down.

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