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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.
The Royal Bank of Scotland plc (Scottish Gaelic: Banca Rìoghail na h-Alba) [2] is a major retail and commercial bank in Scotland.It is one of the retail banking subsidiaries of NatWest Group, together with NatWest (in England and Wales) and Ulster Bank.
The average price per share paid by the Treasury was 499 pence, after receiving income from redeeming the preference shares. In August 2015 the UK government began the process of selling its RBS shares. It sold a 5.4% stake at an average of 330p per share. This brought its shareholding down to 72.9%.
Never shy, Hester called this "possibly the largest corporate turnaround in history." In for a penny RBS' share price has enjoyed a turnaround since July, rising 30% to today's price of around 26 ...
The Royal Bank of Scotland announces it expects to have to write down assets totalling around £20 billion, believed to be the biggest loss in British corporate history. The announcement sees RBS' share price plunge 67% on the day. [22] 20 January – The Office for National Statistics announces that the Consumer Price Index (CPI), the UK's ...
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
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 ...
The Royal Bank of Scotland International, trading as NatWest International, RBS International, Coutts Crown Dependencies and Isle of Man Bank, is the offshore banking arm of NatWest Group. It provides a range of services to personal, business, commercial, corporate and financial intermediary customers from its base in the Channel Islands.