Govt injects £37bn into three ailing banks

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The Government will pump £37bn into ailing banking giants RBS, HBOS and Lloyds TSB.

In a bid to avoid any major bank failures and bring stability to the financial system, the Treasury will inject £20bn in Royal Bank of Scotland, £11.5bn in HBOS and £5.5bn in Lloyds TSB. The plan means...

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