The cost of saving Northern Rock could cost the tax payer £2billion, according to a report from the Commons Public Accounts Committee.
The Newcastle-based bank got into difficulties in 2007 when it became the first bank in 150 years to suffer a run during the then financial crisis.
Margaret Hodge, the committee's chair, has said the then Labour government took too long before deciding to nationalise the bank in February 2008.
More top news
The 16-year-old became the second woman in British History to win an Olympic medal in gymnastics.
The proposals have prompted protests by local residents.
In the early hours of Sunday morning a 33-year-old man was stabbed outside Lloyds bank at Haymarket Metro Station.