Gordon Brown, the UK PM, made the usual “we need to save the world” retorhic that everyone is saying these days about the financial crisis, stating:

“The action we are taking today is unprecedented but essential to all of us. The government cannot just leave people on their own to be buffeted about. We must in an uncertain and unstable world be the rock of stability upon which people can depend.”

The split basically went like this:

• Royal Bank of Scotland Group (RBS) is taking £5 billion pounds worth of taxpayers money with the Government getting the same value amount in preference shares, while also underwriting £15 billion pounds in ordinary shares. If the bank can’t find another investor, the government will invest and take shares worth £15 billion pounds. If the Government takes the full £20 Billion Pounds worth of investment, it may end up owning 60% of the Royal Bank of Scotland Group.
• Lloyds TSB (LLOY), and its apparent new partner Halifax Bank of Scotland (HFXA) are also getting £17 billion pounds of emergency funding, although the exact terms of still be figured out.
• In addition, Lloyds TSB (LLOY) is raising £5.5 Billion of new capital, including £1 Billion from the Government and a further £4.5 Billion in Government backed share offers. 
• HBOS (HBOS) are raising £11.5 Billion pounds which includes £3 Billion worth of Government backed securities.