UK mulls plan for 'bad bank' to hold stakes in bailed-out firms

A customer information sign on covid-19 precautions sits on display at the Grosvenor Garden Centre, operated by Blue Diamond Ltd., in Belgrave, U.K., on Friday, May 15, 2020. With the numbers of deaths and infections falling, U.K. Prime Minister Boris Johnson is attempting to find a balance between reopening the economy and avoiding a new spike in cases. Photographer: Paul Thomas/Bloomberg

LONDON: The British government is considering a plan for a "bad bank" that would hold stakes in bailed-out businesses that many fear could fail during the COVID-19 crisis, the Sunday Times newspaper reported..

The plans are at an early stage and range from creating an "asset resolution" scheme to recoup value for taxpayers, to a sovereign wealth fund, the newspaper said. - Reuters