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UK government ready to take Royal Bank of Scotland shares
Moscow News.Net
Thursday 20th November, 2008
Royal Bank of Scotland shareholders are due to vote on whether to accept a £20bn government bail-out.
Shareholders are likely to approve the creation of millions of shares, which the government will then buy directly, if they are not taken up by private institutions, for a total of £5 billion.
The government is expected to gain up to 60% of RBS if the deal goes ahead.
Earlier this month, RBS announced it expected to reveal its first full-year loss in its almost 300-year history.
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;) Midnight
11-20-08, 12:57 PM |
UK government ready to take Royal Bank of Scotland shares
personally after the dyke event I’m ready to take HIM myself.
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Shar Rusk
11-22-08, 08:23 PM |
Not much info.
I can’t seem to get any answers here in the U.S. My husband and I are retired and have a good amount of our retirement monies in RBS preferred stock. How do we stand now? Is it wiped out or is it still safe, do our dividens continue? Everytime we call to get info. there’s a wall we can’t get past. We need to know how we stand!
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