A bank run on Northern Rock in 2008 forced the government to nationalise Northern Rock, and subsequently bail out Royal Bank of Scotland and Lloyds Banking Group. Lawmakers have warned that Britain could lose £66b it spent rescuing RBS and Lloyds. Photo: Bloomberg A bank run on Northern Rock in 2008 forced the government to nationalise Northern Rock, and subsequently bail out Royal Bank of Scotland and Lloyds Banking Group. Lawmakers have warned that Britain could lose £66b it spent rescuing RBS and Lloyds. Photo: Bloomberg
A bank run on Northern Rock in 2008 forced the government to nationalise Northern Rock, and subsequently bail out Royal Bank of Scotland and Lloyds Banking Group. Lawmakers have warned that Britain could lose £66b it spent rescuing RBS and Lloyds. Photo: Bloomberg

Britain could lose £66b on bank bailouts: lawmakers

Topic |   Royal Bank of Scotland
A bank run on Northern Rock in 2008 forced the government to nationalise Northern Rock, and subsequently bail out Royal Bank of Scotland and Lloyds Banking Group. Lawmakers have warned that Britain could lose £66b it spent rescuing RBS and Lloyds. Photo: Bloomberg A bank run on Northern Rock in 2008 forced the government to nationalise Northern Rock, and subsequently bail out Royal Bank of Scotland and Lloyds Banking Group. Lawmakers have warned that Britain could lose £66b it spent rescuing RBS and Lloyds. Photo: Bloomberg
A bank run on Northern Rock in 2008 forced the government to nationalise Northern Rock, and subsequently bail out Royal Bank of Scotland and Lloyds Banking Group. Lawmakers have warned that Britain could lose £66b it spent rescuing RBS and Lloyds. Photo: Bloomberg
READ FULL ARTICLE