Pounds 10bn Is Wiped Off Bank's Shares ; Economic Crisis

The JournalOctober 08, 2008

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Summary


ROYAL Bank of Scotland shares plunged nearly 40% to a 15-year low yesterday as speculation mounted over the taxpayer- funded rescue of Britain's banks.

RBS shares hit their lowest point since 1993 and eventually closed more than 39% lower - wiping around pounds 10bn off the value of the business.

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Pounds 10bn Is Wiped Off Bank's Shares ; Economic Crisis

Halifax Bank of Scotland - being bought by Lloyds TSB in a rescue takeover - tumbled...

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