SUBSCRIBERS
London to start selling down its 80% stake in RBS: Osborne
It is likely to record a loss on some of its holdings - at least initially
Published Thu, Jun 11, 2015 · 09:50 PM
London
THE British government is ready to exit the banking business, even if it means that it will record a loss on some of its holdings.
George Osborne, the Chancellor of the Exchequer, said in a speech here on Wednesday night that the government would begin to sell down the 80 per cent stake that it holds in the Royal Bank of Scotland (RBS).
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Money laundering accused Zhang Ruijin slapped with 5 more charges days before scheduled guilty plea
Japanese yen slides back towards 34-year low after brief spike
China’s Bank of Communications Q1 profit rises 1.44%
HSBC’s private bank shuts independent asset management business in HK, Singapore
Nomura Q4 net profit jumps almost eight-fold on retail income surge
Rescue pup to meme star: the real-life ‘Dogecoin’ dog