Government loses more than £2bn on RBS stake sale

Government loses more than £2bn on RBS stake sale
 

The government has made a loss of just over £2bn after selling another tranche of shares in Royal Bank of Scotland.
The shares were sold at 271p each, almost half the 502p a share paid in the government's bailout of RBS a decade ago when it rescued the bank at the height of the financial crisis.
The taxpayers' holding in the bank will fall to 62.4% from 70.1% as a result of the share sale to City institutions.
The government has said it intends to sell £15bn worth of RBS shares by 2023.
Asked by the BBC's Today programme about the loss to the taxpayer of the share sale, John Glen, the... read more

 
5 June 2018 in Regional, Views: 42
Source: BBC
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