Hansard 16 Apr 12: Treasury: Financial Services Compensation Scheme

Category: Newspaper & Media Reports

Mark Hoban (Financial Secretary, HM Treasury; Fareham, Conservative)

HM Treasury and the Financial Services Compensation Scheme (FSCS) have agreed revised terms on the loans made by HM Treasury to the FSCS in 2008-09 in relation to the resolutions of Bradford and Bingley plc, Heritable Bank plc, Landsbanki Islands, Kaupthing Singer & Friedlander Ltd, and London Scottish Bank plc. The amount outstanding under these facilities is as follows: Bradford and Bingley £15.65 billion; Landsbanki £1billion; Kaupthing Singer & Friedlander £954 million; Heritable £149 million; and London Scottish £187 million. ...

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