News Tag: other banks to follow suit

April 18, 2008

RBS to raise billions through rights issue

by Kay Murchie
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% to 380p as analysts ...

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