日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
World / Europe

UK takes 1 billion pounds hit in RBS sell-off

(Agencies) Updated: 2015-08-04 23:06

UK takes 1 billion pounds hit in RBS sell-off

A worker sweeps in the foyer of a Royal Bank of Scotland office in the City of London in this file photo. Britain started to return its holding in RBS to private investors on Monday, seven years after it bailed out the bank.[Photo/Agencies]

LONDON - Britain took a 1.1 billion pound ($1.7 billion) loss on its first sale of shares in Royal Bank of Scotland (RBS) on Tuesday, sparking accusations of poor timing from opposition politicians.

The UK government sold a 5.4 percent stake in RBS at 330 pence per share, a third below the price paid when Britain rescued the bank with 45.8 billion pounds of taxpayer cash at the peak of the 2007/09 financial crisis.

The move raised 2.1 billion pounds and is expected to be followed by several more sales. Overall, the government is sitting on a 15 billion pound loss on its holding, based on the current stock price and its average purchase price of 502 pence.

But the sale was more about starting the process of returning RBS to the private sector and showing investors the government is reducing its interference in the bank, rather than avoiding a loss, people familiar with the decision told Reuters.

"While the easiest thing to do would be to duck the difficult decisions and leave RBS in state hands, the right thing to do for the economy and for taxpayers is to start selling off our stake," Finance Minister George Osborne said.

But the opposition Labour Party slammed the sale.

"RBS had to be bailed out urgently, but it doesn't have to be sold off at the same speed," said Chris Leslie, its finance spokesman.

"The Chancellor (Osborne) needs to justify his haste in selling off a chunk of RBS while the bank is still awaiting a U.S. settlement for the mis-selling of sub-prime mortgages," Leslie added, referring to a potentially massive fine from U.S. authorities, related to RBS's past sales of U.S. mortgages.

RBS has set aside 2.1 billion pounds for a settlement but analysts estimate it could cost as much as 9 billion pounds, which has weighed on the stock.

The share sale, which cuts taxpayers' holding to 72.9 percent from 78.3 percent, marks a milestone in Britain's recovery from the financial crisis, and is part of Osborne's strategy to improve the country's finances.

Previous Page 1 2 Next Page

Trudeau visits Sina Weibo
May gets little gasp as EU extends deadline for sufficient progress in Brexit talks
Ethiopian FM urges strengthened Ethiopia-China ties
Yemen's ex-president Saleh, relatives killed by Houthis
Most Popular
Hot Topics

...
主站蜘蛛池模板: 黄色草逼视频 | 久久国产综合 | av色资源 | 黄色大片网站 | av官网在线观看 | 91精品在线观看入口 | 久久精品5 | 日韩小视频 | 国产大片黄 | 日韩首页 | 97国产精品 | 亚洲综合不卡 | 亚洲影院在线观看 | 一区二区三区在线免费观看 | 看av网| wwww在线观看 | 欧美激情免费观看 | 91麻豆国产在线 | 欧美精品一区二区三 | 色综合色综合网色综合 | 国产成人+综合亚洲+天堂 | 四虎在线视频 | 国产第一页在线播放 | 久久伊人久久 | 国产无遮挡又黄又爽在线观看 | 国产91福利| 毛片网站在线看 | 国产精品成人在线观看 | 亚洲视频一区二区 | 欧美日韩在线观看免费 | 欧美性综合 | 日日精 | 国产sm在线观看 | 亚洲精品一二三区 | 日韩一级中文字幕 | www.五月婷 | 亚洲人在线视频 | 久久人体| 一区在线播放 | 99色在线观看 | www.五月激情 |