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Taxpayers to take 58% stake in RBS after investors snub share offer

Home  Nov, 2008

Taxpayers to take 58% stake in RBS after investors snub share offer - RBS today becomes the first bank to be part- nationalised under the Treasury's £37bn bailout scheme after existing shareholders rejected a £15bn new share issue



Taxpayers to take 58% stake in RBS after investors snub share offer  [11/28/2008 01:17 PM]
RBS today becomes the first bank to be part- nationalised under the Treasury's £37bn bailout scheme after existing shareholders rejected a £15bn new share issue
House prices down 10.1% on year - official  [11/28/2008 01:17 PM]
House prices in England and Wales are continuing to fall at an ever-greater rate, with an annual fall of 10.1% recorded in October by the Land Registry
Stock market report: Friday latest  [11/28/2008 01:17 PM]
12.30:Supermarkets may have been a safe haven for investors amid the recent turmoil, but titan Tesco may be unable to deliver the goods next week
Big banks cash in on customers' loan misery  [11/28/2008 01:17 PM]
Big banks have been fattening up their profit margins by cashing in on their customers' money troubles, according to research
Woolies: fears of 'messy' collapse as creditors circle  [11/28/2008 01:17 PM]
Creditors of Woolworths began to emerge today, a sign the fallout from the collapse of the once-loved retailer could be protracted and messy
Seller slashes price of house by £1.2m  [11/28/2008 01:17 PM]
A landlord trying to sell a house in St John's Wood has been forced to slash the asking price by almost half after it languished unsold for a year
Poor sales signal tough Christmas for John Lewis  [11/28/2008 01:17 PM]
John Lewis today reported another fall in sales as the High Street braced itself for its toughest Christmas in several years
Rents fall in wealthier London boroughs  [11/28/2008 01:17 PM]
Rents in the most affluent London boroughs have fallen over the past three months as the economic gloom deepens, while those in poorer areas have risen
Queen's Speech to focus on economy  [11/28/2008 01:17 PM]
Gordon Brown has ordered urgent changes to next week's Queen's Speech after the mini-budget came under fresh criticism
Oil dips below $54 and 'may soon test $40'  [11/28/2008 01:17 PM]
Oil prices fell back below $54 a barrel today ahead of this weekend's crucial meeting of the Opec oil exporting countries in Cairo
Brown's standing as economic leader slips  [11/28/2008 01:17 PM]
The Prime Minister's leadership in the economic crisis has been dealt a blow in a new poll
VAT war kicks off weekend of discounts  [11/28/2008 01:17 PM]
Supermarket giant Tesco has triggered a VAT war by cutting the tax three days early, while other retailers are also planning a weekend of discounts
Property tycoon Ronson: It's survival of the fittest  [11/28/2008 01:17 PM]
Tycoon Gerald Ronson warned the crumbling property sector is in such dire straits that it is now a case of 'survival of the fittest'
Brown repeating cheap credit mistakes says Merkel  [11/28/2008 01:17 PM]
Gordon Brown claims to be leading the world out of the economic crisis suffered a blow today after German leader Angela Merkel attacked his soaring borrowing
MPC dove Blanchflower takes swipe at Bank  [11/28/2008 01:17 PM]
The Bank of England has been 'reacting' to the financial crisis rather than cutting rates to prevent recession, the Bank's most outspoken rate-setter has said
Equitable pulls £7bn sale of with-profits  [11/28/2008 01:17 PM]
Equitable Life is ditching plans to sell its £7bn with-profits fund after failing to find a buyer
House price slump eases off in November  [11/28/2008 01:17 PM]
A rare glimmer of light emerged for the housing market today as figures showed that prices fell much less sharply in November than October
31,000 jobs at risk at Woolworths and MFI  [11/28/2008 01:17 PM]
Tens of thousands of workers with Woolworths and MFI face losing their jobs before Christmas after the retailers went into administration
Treasury faces £7bn payout after BAT victory  [11/28/2008 01:17 PM]
The Treasury faces having to pay out up to £7bn after the High Court ruled today in a landmark case that UK firms' dividends on foreign earnings should not have been taxed
Credit card companies given ultimatum  [11/28/2008 01:17 PM]
The credit card industry has been given two weeks to reform itself for the benefit of its customers or face Government action
Stores slash prices to get us spending  [11/28/2008 01:17 PM]
Desperate to get families to open their wallets, supermarkets and retailers are falling over each other to offer Christmas discounts
French property slump as Brits stay away  [11/28/2008 01:17 PM]
The number of Britons buying properties across the Channel has slumped by up to 50% this year, French estate agents have reported
FSA failures in Lehman fallout  [11/28/2008 01:17 PM]
Investors spooked by Currys' first-half loss  [11/28/2008 01:17 PM]
You have to feel for new DSG CEO John Browett: reporting a first-half loss just after Woolies and MFI went into administration wasn't ideal
Obama offers us a fresh shot to get mad about Larry  [11/28/2008 01:17 PM]
Midas share tips: Centrica rights issue  [11/28/2008 01:17 PM]