Plucky British bankers and politicians had taken on Neelie Kroes and those meddling bureaucrats of Brussels and won, ensuring that great British institutions such as Royal Bank of Scotland and Lloyds Banking Group would be saved for the nation.
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Lloyds rights issue may get banking moving again ... but is it a sound investment?
The way some newspapers presented it, one might have thought that last Tuesday’s bank bail-out measures were a glorious victory.
