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The Leeds housewife and the Liverpool worker cheer: they will no longer have to pay for the rescue of RBSthe Scottish bank overwhelmed by the crack Lehman Brothers. It took 14 yearsa geological era in the world of global finance, but eventually the state comes out of third UK bank, which went bankrupt in 2008.
Yesterday, Her Majesty’s Government quietly sold about 4% of the shares: the state share fell, for the first time, below the 50% threshold. The “defunct” Royal Bank of …