Loans and Finance

Loans and Finance

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News and information about loans, money, debt, finance and business issues.

Monday, July 13, 2009

Paper Losses

UK Financial Instruments (UKFI), the body that manages the Government's shares in Britain's semi nationalised banks (RBS and Lloyds), is sitting on paper losses of £10.9BN.

The UKFI says that every household in Britain has over £3K invested in Lloyds and RBS shares

It is likely, given the shambolic state of the banks' finances, that Britain's households will hold their £3K "investment" for many years to come.

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