Britain could lose £66b on bank bailouts: lawmakers

Britain could lose the £66 billion (US$105 billion, 82 billion euros) it spent on rescuing Royal Bank of Scotland and Lloyds Banking Group and made key errors over failed lender Northern Rock, lawmakers said on Friday.

The Public Accounts Committee -- a panel of British lawmakers -- issued the gloomy verdict in a eagerly-awaited report into the government’s handling of Northern Rock, which has since been taken over by Richard Branson’s Virgin Group.

via Business feed http://www.scmp.com/business/economy/article/1083701/britain-could-lose-ps66b-bank-bailouts-lawmakers