Government to ‘FINALLY sell taxpayers’ RBS stake’ – a DECADE after £45.5BILLION bailout

Will cash in on Royal Bank Of Scotland (RBS), but at what loss?

THE GOVERNMENT OF UK has reportedly decided the time is right to start reclaiming the 70 percent stake taxpayers own in The Royal Bank of Scotland after it was rescued by the Government during the 2008 global economic crash.

City analysts predict that the Conservative Government is looking for around £3 billion and could sell up to 10 percent of the recovering bank.

The UK’s square mile – considered a global finance capital – is “awash with speculation” that the UK government is set to finally test the market appetite for shares in RBS according to Sky news reports.

City bankers and investors are braced to see a return on the taxpayers’ 70.5 percent after being controversially bailed out as the true extent of the 2008 Financial Crisis took hold in 2008.

RBS chiefs will meet for the banks’ annual general meeting on Wednesday, however, it is not yet known if the sale decision will take place before, during or after the meeting.

No-one’s learned anything. Regulators are fighting the last war, central banks have inflated new bubbles, and investors are blindly chasing returns, each hoping they’ll be first through the door when everyone runs for the exit. “Adrian Ash, BullionVault”

On the needs for bank bailouts by the taxpayer like Northern Rock and RBS, he said: “No-one’s learned anything. Regulators are fighting the last war, central banks have inflated new bubbles, and investors are blindly chasing returns, each hoping they’ll be first through the door when everyone runs for the exit.

Daily Express :: Finance Feed

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