Lloyds to leave asset protection scheme

A statement from the Treasury confirmed the liability for losses borne by the taxpayer will be reduced, but more cash will need to be injected into the banks in the near future. However, the Government is to plough a further £30bn into Lloyds and RBS to keep them afloat, it has confirmed today. RBS is to receive a capital injection of £25.5bn, with the Government increasing its stake even further, while Lloyds will take £5.7bn as part of a private fundraising. Yesterday, the Government confirmed it would be increasing its stake in RBS, while both Lloyds and RBS will be forced to se...