RBS share sale to begin by 2019 - but public's 71% stake is now worth just £23.7bn a decade after £46bn bail out



Bailed-out Royal Bank of Scotland is finally being sold back to private owners – a decade after it was saved in the financial crisis.
The Treasury stumped up £46billion of taxpayers’ money in 2008 to prevent catastrophe at RBS, which came within hours of going bust.
Almost a decade later, the Natwest owner is still losing money every year and the public’s 71 per cent stake is worth just £23.7billion.
Chancellor Philip Hammond yesterday announced he would start selling shares by March 2019, even though he is unlikely to get back what was spent on the rescue.
It means RBS will have been... read more

 
22 November 2017 in Business, Views: 66
Source: Daily Mail
Share:
 




News Widget for Webmasters


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