Govt eyes £30 bln shares in RBS, Lloyds

Govt eyes £30 bln shares in RBS, Lloyds

LONDON (Reuters) - The government will unveil plans this week to spend 30 billion pounds ($49.3 billion) buying further shares of rescued banks Royal Bank of Scotland and Lloyds , The Daily Telegraph newspaper reported on Monday. The newspaper said Chancellor Alistair Darling has agreed to spend about 25 billion pounds ($41 billion) on shares in part-nationalised RBS and 5.5 billion pounds ($9 billion) on shares in Lloyds in a move expected to be announced on Tuesday.

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