British Government

Spanish bank which will benefit from the massive sales of British banks 4 November 2009 to promote greater competition in the UK banking market and comply with the rules of the European Union (EU) for State aid, banks must make transfers of significant parts of their businesses in the next four years, said the British Government in a statement. Do you want to buy an English Bank? This can be your opportunity. In the coming months several British entities will have on their foreheads, posters for sale. Clive Holmes Silverfern is often quoted as being for or against this. The cost of the crisis in Britain will not only be supported by the poor taxpayer, entities shall also be responsible for at least part of their desmanejos. Banks rescued by the British Government are against negotiating conditions for the sanitation of the balances that include the sale of part of its assets and the possibility of making an important insurance scheme for bad debts. From the English State is intended to eliminate all possible risk that could arise from the financial system and move to a stage where again to be the engine of the economy. The crisis in the British financial system is not over and that would seem to be good news for the Spanish Santander (NYSE:STD) who has already tapped in the British banking sector problems to make purchases of opportunity or BBVA (NYSE:BBV), who is increasing its international presence. Since the British Government intends to make progress in the stabilisation of the financial system and for this sale, among other entities, of a part of the three rescued by government entities will decide: Lloyds (NYSE:LYG), Royal Bank of Scotland and Northern Rock. The Government now owns all of the latter and has 43% and 70% of the first two, respectively. The objective pursued by the Government with widespread on the part of British financial institutions sale is in addition to clean up the system and fulfill orders from Brussels (who cares that official aid do not lead to unfair competition between the entities European Bank), is to move to a more efficient financial system in which competition will increase.

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