TEX

In effect, the moves mean the partial nationalization of those institutions _ the Royal Bank of Scotland, HBOS and Lloyds TSB. The British Treasury announced early Monday it will invest $63 billion in the Royal Bank of Scotland, HBOS and Lloyds. The Royal Bank of Scotland (RBS), HBOS and Lloyds TSB will get USD 64 billion of government investment. The Treasury will pump $63 billion into the Royal Bank of Scotland, HBOS and Lloyds TSB. Some £20bn of taxpayers' cash is likely to be pumped into RBS, with a further £17bn to be put into HBOS and Lloyds TSB. HBOS and Lloyds TSB, two banks that are about to merge, need another £17 billion between them. HBOS and Lloyds said that, once their merger goes through, HBOS' chairman and chief executive would both be leaving the group. The Government is making capital investments to RBS, and upon successful merger, HBOS and Lloyds TSB, totaling £37 billion.

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