Bailouts in London: what happened?

During the 2008 crisis, the British government carried out one of the largest bank bailouts in history. More than £60 billion was injected into banks like RBS, Lloyds, and HBOS to prevent a financial collapse. With guarantees and additional loans, the total support for the sector exceeded £1 trillion.

These bailouts positioned the State as the majority shareholder of major banks — a drastic response to contain chaos in the markets.