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Wednesday, 10/15/2008 12:35:38 AM

Wednesday, October 15, 2008 12:35:38 AM

Post# of 23155
From another board interesting find. Bringing the terms to the shareholders favor should bring back investor confidence.

RBS...U.K. Lenders Press for Government Rethink on Dividends, FT Says


By Colin Keatinge

Oct. 15 (Bloomberg) -- The U.K.'s biggest banks are urging the government to reconsider the terms of its bail-out of the industry, because investors are recoiling from the requirement for the banks to halt paying dividends to shareholders, the Financial Times reported, without saying where it got the information.

The condition has undermined the share prices of Royal Bank of Scotland Group Plc, Lloyds TSB Group Plc and HBOS Plc, making it more likely that the government will have to take up its full shareholding in the banks, the newspaper said.

http://www.bloomberg.com/apps/news?pid=20601102&sid=ah3HqFCR_tAc&refer=uk

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