UK to start selling RBS stake

11th June, 2015
6

Chancellor of the Exchequer George Osborne said he will start returning Ulster Bank owner, Royal Bank of Scotland, to private ownership in the “coming months,” even though it may cause a loss for UK taxpayers.

Shares will be sold to institutional investors first, the chancellor announced in a speech at the annual Mansion House dinner in London’s financial district on Wednesday.

Disposing of RBS in its entirety “will take some years,”...

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