News Tag: £20bn bailout
November 20, 2008
Sir Tom McKillop, the departing chairman of the Royal Bank of Scotland (RBS), has apologised for the bank’s difficulties.
The apology came ahead of the shareholder vote for the £20 billion Government bailout, of which shareholders voted by 99% in favour.
Earlier this month, the bank said it expected to report its first full-year loss since it was established almost 300 years ago.
Sir ...
RBS apologises for financial difficulties
by Kay Murchie
