Gordon Brown has changed the face of banking in Britain -- effectively taking control of three of the country's biggest names with a 37-billion-pound rescue deal.
The bailout gives Number 10 a huge stake in RBS, HBOS and Lloyds TSB -- with tens of millions of customers and control of almost HALF the country's mortgage market between them.... ( read more )
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Over the past few years, taxpayers in England have become major shareholders in some of the country's biggest banks following a massive bank bail out in the aftermath of the global financial crisis. In 2008, the UK government nationalized RBS (Royal Bank of Scotland) with a £45 billion taxpayer-funded bail out. This meant that the government effectively became the majority shareholder, owning around 62.4% of the bank. In ad
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