Summary
IT'S often the quiet one. The clamour has all been about Lloyds Banking Group. Was Lloyds on the brink of launching a rights issue to either limit or dispense with its participation in the government's asset protection scheme, set up to insure potentially toxic bank loans?
Then out of left-field looms Royal Bank of Scotland, which it now appears might tap shareholders first for between GBP 3 billion and GBP 5bn.See the full content of this document
Extract
Comment: Rbs Moves Up On the Blind Side Over Cash Call
Perhaps the speculation around Lloyds even gave RBS the idea to pass round the hat. First-mover advantage for funding is also usually relevant.
But it's fair to say few in the City expected RBS t...See the full content of this document
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