The government body at the heart of efforts to prop up Britain's banks is facing fresh upheaval with the appointment of a new chairman and the departure of its chief executive, writes the Daily Mail.
Sir David Cooksey, a pioneer of the venture capital industry, was yesterday appointed to chair UK Financial Investments, which holds the taxpayer's 72 per cent stake in Royal Bank of Scotland, the dominant 42 per cent investment in Lloyds Banking Group and the remains of Bradford & Bingley. He replaces Glen Moreno, who took over as chairman of UKFI in January, replacing Sir Philip Hampton, who went to chair Royal Bank of Scotland. Full story...
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