RBS fine fears weigh on share sale

RBS fine fears weigh on share sale
 

Concerns RBS may be fined between $5bn (£4bn) and $12bn in the US are preventing the government from selling shares in the bank, MPs have heard.
RBS faces a settlement with the US Justice Department over claims it mis-sold toxic mortgage securities in the run-up to the financial crisis of 2008.
The size of that fine is weighing on the value of the bank, said James Leigh-Pemberton, the head of the body that manages the public's stake in RBS.
RBS was unavailable for comment.
Mr Leigh-Pemberton, the chairman of UK Financial Investments, told MPs that financial markets had speculated on the... read more

 
16 November 2016 in Regional, Views: 50
Source: BBC
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
          1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 31