RBS needs £10bn, but customers are told not to worry (Independent)
Story date: 2008-04-18 04:13:57
Added on: 2008-04-18 18:00:21
Don't panic. The message from City watchdogs to customers of Royal Bank of Scotland, which will ask its shareholders to stump up £10bn of new capital for the bank next week, could not have been clearer yesterday. While RBS's rights issue will be the largest ever fund-raising effort of this type by a British company, there is absolutely no suggestion that customers' money is at risk.
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