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Daily Archives: March 24, 2009
You may not have noticed, but bank shares have more than doubled from their recent lows as sentiment warms – temporarily or otherwise – to the sector in the wake of government rescue plans on both sides of the Atlantic.
This has repercussions, not least for Lloyds; which is already 43 per cent owned by taxpayers. To participate in the British government’s insurance scheme that figure could rise to 63 per cent (or higher in economic terms).