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Derivatives are not suitable for all investors and involve the risk of losing more than the

amount originally deposited and any profits you might have made. This is not a recommendation

to offer to buy, sell, or retain any specific investment or service.

Late last month, the UK government privatized the final bank that it bailed out during the 2008 financial crisis.

So it's a very symbolic moment, the closing of this whole chapter of Britain's bailout era.

It was a huge deal for the bank, and it was even more awaited and dramatic because it took so long to happen.

I mean, it had been 17 years. That bank is called Nat West Group. It used to be called Royal Bank

of Scotland or RBS. And you heard that right. UK government had been the bank's owner for the last

17 years. And that had plenty of knock-on effects.

So owning the stake in RBS and the NetWest was a pretty big drag on the government finances.

It was expensive for taxpayers. You know, the government never recouped the money they put in to bail it out.

And that in turn, kind have squeezed public spending in other

areas. But even though this chapter, this bailout era, is closed, its impact still lingers for the

UK economy, and especially for the country's financial sector.

So the return to private ownership for NetWest is amazing news for the bank,

but for UK banking and the UK's economy in general, both the industry and the country

at large are still dealing with the other effects of the crisis.

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