Monday, December 01, 2008

RBS to be taken over by British government: Financial News - Yahoo! Finance

RBS to be taken over by British government: Financial News - Yahoo! Finance: "LONDON (AP) -- The British government will take over Royal Bank of Scotland Group PLC with a majority stake of almost 60 percent after the shareholders of the nation's second-largest bank shunned an emergency share issue."
-------------
Just $31 billion, that's all. The bank's share value has dropped by 85%.

No comments: