Funds used to buy shares in Royal Bank of Scotland and Lloyds Banking Group may never be recovered The £66bn of taxpayer funds used to buy shares in Royal Bank of Scotland and Lloyds Banking Group at the height of the financial crisis may never be recovered, a powerful group of MPs warned on Friday. As the public accounts committee criticised the way the Treasury handled the nationalisation of Northern Rock, it also called on the government to ensure taxpayers got value for money from the future sale of stakes in the bailed out banks. The committee urged the government to keep its role as shareholder separate from ... (full story)