Summary
PART-nationalised Royal Bank of Scotland is understood to be weighing up a new fundraising to prevent the taxpayer's stake in the ailing bank from rising further.
Chief executive Stephen Hester is reported to have started informal talks with investors over a possible cash call. Mr Hester is said to be considering the move to pay the pounds 19.5bn fees due to the Government to take part in a taxpayer-backed insurance scheme for more than pounds 300bn in toxic assets.See the full content of this document
Extract
Rbs Considering New Cash Call
Under a draft agreement published in February, the bank is due to pay this fee...
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