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On Monday, 19 January 2009, a date previously known as Blue Monday, British banking shares collapsed in a rout of selling after Royal Bank of Scotland (RBS) announced the biggest corporate losses in British history. The shares fell over 67% in a single day. Shares in all other British banks suffered heavy losses.
Historically, the Royal Bank of Scotland stock price went from a high of over 6,900 pence in early 2007 (taking into account a 3 for 1 reverse stock split that took place later that year) to around 120 pence February 2009 and up to 187 pence by December 2011. [63] In 2012 RBS shares were consolidated on a 1 for 10 basis.
This brought its shareholding down to 62.4%. In both cases, the government sold well below the average price of 499p per share it had paid, with the June 2018 transaction representing a loss of £2.1 billion to UK taxpayers. [30] In March 2021 the UK government sold a further tranche of 590 million shares in NatWest at a price of 190.5p per share.
LONDON -- This morning, I took my daily look around the stock market for today's risers and fallers. What immediately caught my eye was a 960% increase in the shares of Royal Bank of Scotland (NYS ...
RBS' share price has enjoyed a turnaround since July, rising 30% to today's price of around 26 pence (that's what happens when you invest in volatile penny shares!). That's still roughly half what ...
[citation needed] In addition to restoring financial health the share price of RBS which had troughed at 90p equivalent, rose to 330p by the time he left the bank. [citation needed] Hester was paid an annual salary of £1.1 million by RBS. [6]
The share price, when Goodwin became CEO of RBS, in January 2001, was 442p. After reaching £18 a share (equivalent to £6 per share after each share was split into three in May 2007 [33]), on the day of his departure it was announced that the share price was 65.70p [34] reflecting share buybacks, rights issues
On 13 October 2008, British Prime Minister Gordon Brown announced a UK government bailout of £45 billion of new capital into Royal Bank of Scotland. [1] RBS has accrued a further debt of £58 billion since 2008. [citation needed] By 2008 RBS was the fifth-largest bank in the world by market capitalisation. [2]