To ask Her Majesty's Government whether deposits made with banks in which the Government have a majority shareholding are guaranteed without limit by the Government. [HL2193]

The Government have a majority shareholding in the Royal Bank of Scotland (RBS) Group. FSCS-eligible deposits in RBS Group banking subsidiaries are covered by the Financial Services Compensation Scheme (FSCS) up to the usual limit of £50,000. The Government have not made any alternative arrangements.

To ask Her Majesty's Government whether they propose to require the banks in which they have a controlling interest to make contact by their clients more accessible and branch-based. [HL2205]

To ask Her Majesty's Government whether they propose to require those banks in which they have a controlling interest to review their charges to individual clients. [HL2206]

To ask Her Majesty's Government whether they will require banks in which they have shareholdings to serve United Kingdom customers by staff employed and paying taxes in the United Kingdom. [HL2372]

These are matters for the management of the banks in question. UK Financial Investments Limited (UKFI), an arm's-length company wholly owned by the Government, has been set up to manage the Government's investments on a commercial basis. Its overarching objectives will be to protect and create value for the taxpayer as shareholder, with due regard to financial stability and acting in a way that promotes competition. It will not intervene in the day-to-day management decisions of the banks of which it is a shareholder.