Royal Bank of Scotland (RBS), Britain’s second largest bank, has confirmed it is preparing to raise billions of pounds through a rights issue to improve its financial position. RBS will raise the money from existing investors through one of the biggest rights issues in corporate history. Following the news, shares in the bank increased 4% [...]
I was really worried about what this would mean for the banking industry as a whole and what it says about where we are, and it sounds like basically there's just no cashflow anywhere. What should RBS shareholders do now?
RBS to raise billions through rights issue
