UK’s Osborne to unveil future of state-controlled banks

The fate of Britain’s two state-controlled banks will become clearer on Wednesday, when finance minister George Osborne is likely to start the clock ticking for the sale of the government’s stakes.

But while Osborne will attempt to point to a healthier future for Britain’s economy and banking sector in his annual speech to financiers in the evening, reminders of recent troubles will not be far away.

via Business feed http://www.scmp.com/business/banking-finance/article/1264167/uks-osborne-unveil-future-state-controlled-banks