Rbs Shares Tumble After Sell-Off Plan Announced ; Market Close

Western Morning News, The › November 03, 2009

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Summary

FEARS over Royal Bank of Scotland's plans to sell parts of its business to appease European concerns sent its shares tumbling yesterday ahead of today's bank restructure announcement.

The part-nationalised group fell 8 per cent as investors braced themselves for the results of tense negotiations with the European Commission on remedies for receiving state aid.

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Rbs Shares Tumble After Sell-Off Plan Announced ; Market Close

RBS was hit after it said it would have to offload greater-than- expected chunks of its business, although th...

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