You are here
UK sells 5.4% RBS stake at £1b loss, sparking criticism of Osborne
THE UK Treasury has sold 630 million shares or a 5.4 per cent holding in The Royal Bank of Scotland (RBS) at 330 pence a share - some 170 pence or 34 per cent less than the 502 pence the government paid when it bailed out the bank.
The loss came to £1.07 billion (S$2.3
- CALL +65 6388 3838
- EMAIL firstname.lastname@example.org