RBS show loss

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It could’ve been worse I suppose, the Government could’ve chose to support other causes. At least the shareholders still have 60% of their original investment to show, rather than 0.
Even so it will take a lot of restructuring and work to get the bank back on track.

RBS show loss

The government’s new banking authority will start work on Monday by seeking three new board directors for Royal Bank of Scotland — now majority-owned by the taxpayer after the £20bn government bail-out.
Existing shareholders in RBS shunned the fundraising by what had been Britain’s second-biggest bank until the credit crunch struck last year, leaving the taxpayer with 57.9% of the bank – and a £2.4bn loss on the basis of the current share price.