Royal Bank of Scotland with 28 billion loss in 2008, so may into the full nationalization
Hexun hearing the news, according to Bloomberg Beijing on January 20th it was reported that Royal Bank of Scotland reported its largest losses in 2008 in the history of record in 2008 which was expected to reach full-year loss of 28 billion. After assistance in the Government to take measures, the bank promised to have the ability to provide loans to customers of Britain six billion pounds, or about 8.7 billion U.S. dollars of financial support, however, Royal Bank of Scotland is facing its own position further nationalized.
Bloomberg Information: fear of the nationalization of Royal Bank of Scotland so shares plunged
Hexun hearing the news on January 19th, according to Bloomberg News, after it published the article which said that Royal Bank of Scotland was expected that there would be the most huge losses, investors worried that the British Government would have a comprehensive holding of the bank. On Monday in London trading market, Royal Bank of Scotland emerged the most significant diving since more than 20 years.
British stocks down 0.9% and Royal Bank of Scotland shares plummeted
Reuters, in London, on January 19th – British FTSE 100 with stock market index down 0.9 percent on Monday, involved in banking stocks falling, and prior to this Royal Bank of Scotland (RBS) (RBS.L: Quote) announced huge losses and the prospect of sluggish, so share price collapsed, however, pharmaceutical shares for the stock index had some support. FTSE 100. FTSE down 38.59 points to close at 4108.47 points.
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