RBS exits deal with British government on capital early
Royal Bank of Scotland Group said it will exit an agreement that would have seen the UK inject £8 billion into the bank if its core Tier 1 capital ratio fell below 5 per cent.
Royal Bank of Scotland Group, the parent company of Ulster Bank, said yesterday it will exit an agreement that would have seen the UK inject £8 billion into the bank if its core Tier 1 capital ratio fell below 5 per cent.
The bank is leaving the government’s Contingent Capital Facility a year ahead of plan, saving it about 320 million pounds a year, RBS said in a statement today.
“The group has been able to...
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