The Government took control of RBS this morning as investors signed up for only 0.24% of shares, wit...
The Government took control of RBS this morning as investors signed up for only 0.24% of shares, with the Government now taking a 57.9% stake in the bank, resulting in a paper loss of over $3bn. The bank's share price on Friday was 53p, down 3.64% by lunchtime, and has been trading below the issue price for weeks, resulting in the share rejection. Financial and mining stocks continued to boost the FTSE 100, which opened at 4,232.50 and saw a boost in by midday of 0.01% after an active morning's trading. The US markets closed on Thursday for Thanksgiving, with Black Friday, the day in ...
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