Royal Bank of Scotland in trouble

Story link: Royal Bank of Scotland in trouble

The banking sector gets yet another blow, one which is likely to drastically to decrease an already declining consumer confidence throughout the UK.
The Royal Bank of Scotland may as well forget that take over bid they previously planned for the time being.

Royal Bank of Scotland in trouble

RBS will also disclose that the Government is increasing its holding in the bank from 58pc to 68pc by converting its current preference shares into ordinary stock.
RBS’s statement will come as the Government this morning unveils its most far-reaching package yet to rescue Britain’s banks and try to restore confidence to the sector.