Tuesday, April 22, 2008

RBS unveils the largest rights issue in Europe.

RBS unveils record £12bn rights issue

RBS today unveiled emergency plans to repair the damage the credit crisis has wrought on its balance sheet by raising £12bn from shareholders and £4bn by selling assets, including its insurance arm.Unveiling the largest rights issue in Europe, RBS said it had ditched its strategy of operating a more thinly capitalised balance sheet than rivals.

Posted by jack c @ 09:36 AM (505 views)
Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>