Bank Bail-outs

[Fittster]

So the banks and their shareholders want to renegotiate the terms of the bail-out. Surely the government can tell them to like it or lump it? If the government withdraws the deal the banks will quickly be wiped out leaving the shareholders with nothing?

Barclays seems to understand that there were strings attached and decided not to take the money on offer.

http://business.timesonline.co.uk/tol/business/ind...

[Marf]

This would always have been the case. The media have been touting this as a done deal when in reality the shareholders have to approve the increase in the companys share capital at the EGM before the deal can go ahead.