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February 20th, 2012 
FAKE NEWS for the Zionist agenda
By
Daily Mail Reporter
Last updated at 9:57 AM on 20th February 2012
Britain’s part-nationalised banks, Lloyds and Royal Bank of Scotland, are expected to report combined losses of at least £4 billion for last year.
The announcement would revive fears that taxpayers will have to wait several years before recouping the £66 billion pumped into the banks by the Government at the height of the financial crisis.
RBS is expected to reveal losses of up to £2 billion while Lloyds could unveil a deficit of around £3.5 billion, after compensation from mis-selling payment protection insurance (PPI) is deducted, The Sunday Times said.
Targets: (left) Stephen Hester, Chief Executive of the Royal Bank of Scotland and Lloyds Antonio Horta-Osorio are under pressure to deliver profits
The banks have had a turbulent year, with the country’s economic downturn and the ongoing eurozone debt crisis hitting performance, as well as the ongoing bonus furore.
Lloyds, which is 4 per cent owned by the taxpayer, received £20 billion from the Government, while RBS, which is 83% state-owned, received £45 billion.
While there has been some recovery in the share price in the last couple of months, both banks are close to 50% lower than they were a year ago, amounting to a paper loss of more than £30 billion for the Government.
Poor results will also fuel the debate over bankers’ pay, which has been raging in recent weeks.
RBS has been at the centre of the row, which ultimately led to chief executive Stephen Hester waiving his £963,000 all-shares bonus.
However, Mr Hester is reportedly still in line to receive shares worth about £660,000 that were awarded as part of the £2 million bonus he was handed for his 2010 performance.
Lloyds has managed to avoid the bonus row so far after boss Antonio Horta-Osorio waived his annual payout due to a leave of absence.
Mr Horta-Osorio, who returned to work last month after taking two months off due to severe sleep problems, said he acknowledged that his absence had had an impact both “inside and outside the bank, including for shareholders”.
Closures: Lloyds is close to selling off 632 branches
Both bosses are likely to focus on what progress they are making towards delivering a better return to the taxpayer.
RBS has moved to strip down its investment arm Global Banking and Markets (GBM) amid increased Government pressure to focus its operations on UK high street services.
GBM, which employs 18,900 people worldwide, deals with a range of financial services such as debt advice, equity trading and mergers and acquisitions.
The restructuring will lead to around 3,500 job losses, on top of the 2,000 announced by the bank last summer.
The move was largely welcomed by investors, with shares up around 40% since the start of this year.
Lloyds is close to selling off 632 branches, a move enforced by the EU as a condition of taking a state bailout, after naming the Co-operative Bank as a preferred bidder.
The bank also announced 15,000 job cuts last summer as it closes or sells down assets across the UK and overseas.
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The question is whether UK Financial Investments, who are supposed to manage the part nationalised banks so as to “create and protect” taxpayer value as shareholder, is doing a good job? If you think not, please sign the Government epetition “UKFI is not Fit For Purpose” (google it)
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It would have been a great bargaining tool when we lent the money – no bankers bonuses until you’re in profit. Or is that too sensible?
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How much did we get back from rescuing Northern Rock – wait, the Govt privatised it as a loss to the taxpayer. I’m not expecting any different with Lloyds or RBOS – big business will benefit, not the taxpayer.
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No-one actually believes that it was ever part of the plan that any of this money would actually be given back to they? Not a cat in hell’s chance.
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“So when will we get our money back?” Not in our lifetimes!
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Correct me if I’m wrong but isn’t the RBS being sold sometime this year to Santander and if this is the case surely the taxpayer bailout will be returned!!
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Lloyds was in fine form until Gordon Brown (Scottish) “persuaded” its bosses to take over HBOS, a bankrupt Scottish Bank. As was that other Scottish banking institution, RBS. Can we send the Bill to Alex Salmond?
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Am I missing something here? The bank makes loses of £4bn yet the those in charge are given a Big Fat bonus. What was the bonus paid for? Was it aid to those who loose the most fr the bank? It would appear so. I could loose the bank even more than that, and I would love to receive a bonus of £4m.
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Perhaps the “clever ones” can explain why the Royal Bank of Scotland and Lloyds are losing money while the other banks are recording mega profits in the billions. Wouldn’t be anything to do with leadership quality would it?
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we wont get any money back , these people are robbing us blind , there is less than nothing left
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