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Bank Nationalization Day
Richard C. Wilson (December 2nd, 2008) Writes:
h1 style="text-align: center;"bBank Nationalization/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Bank Nationalization Day/span/b/h2a href="http://3.bp.blogspot.com/_tvshDVnXSLc/SS_l74vGpJI/AAAAAAAAAf4/J6EgOxMC024/s1600-h/RBS-DundasHouse.jpg"img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 320px; height: 200px;" src="http://3.bp.blogspot.com/_tvshDVnXSLc/SS_l74vGpJI/AAAAAAAAAf4/J6EgOxMC024/s320/RBS-DundasHouse.jpg" alt="" id="BLOGGER_PHOTO_ID_5273686505679135890" border="0" //a Old HQ pictured. Following failure of shareholders to buy more than 0.24% (only £36m for 56m shares) of the Royal Bank of Scotland Group's £20bn share issue, RBS (1) (including Citizens Bank, USA, and NatWest Bank, England) today became the third to be formally nationalised (nearly 58%). The small take-up of the issue by existing shareholders had been expected as the offer price of 65.5p was 10p higher than the price at which the shares were trading, so those who did buy on paper lost £5m doing so. The share issue by RBS was part of the government's plan to recapitalise banks. The government will pay £15bn for the majority stake in the bank plus £5bn of ...
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a Old HQ;, Abn, Abn Amro, Banco Santander, Bank, Bank Nationalisation;, Bank Nationalization;, Bank Of Scotland, bank plus;, bank run, Banking, Barclays, bBank;, Benelux, Bradford, central bank, Citigroup, Citizens Bank, emUK Financial Investments Ltd;, EUR, european commission, foreign banks, Fortis Bank, Gbp, General Motors, GIF, Halifax Bank of Scotland, HBOS, Hedge Funds, Hedge Funds, HM Government;, HoC Treasury Committee;, House of Commons Treasury Committee;, http, insurance groups;, Leading Hedge Funds, Learn About Hedge Funds;, Leicester;, Lloyds Bank Group;, Lloyds TSB, Moody's, NatWest Bank;, Northern Rock, pence, Robert Mcdowell, Royal Bank Of Scotland Group, sold bank;, Spain, Stephen Hester;, Telcom Company BCI;, The Committee;, U.K. government, United Kingdom, United States, USD, What;, William Hogg;
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