Jean-Claude Trichet, president of the European Central Bank, warned on Monday that governments should stop concocting new stimulus measures and just get on with the ones they’ve already announced. Read more
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). Read more