Home / Royal Mail / Heavy losses force RBS into $23.9B rights issue (CNN.com)

Heavy losses force RBS into $23.9B rights issue (CNN.com)

admin April 22, 2008 Royal Mail Leave a comment 221 Views

LONDON, England (AP) — Royal Bank of Scotland Group Tuesday announced a £12 billion ($23.9 billion €15.1 billion) rights issue to shore up its capital position after suffering heavy losses from the U.S. subprime mortgage crisis.

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