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Howard Lake
Earlier this month, the state's share has already dropped below 1%. In December 2023, it stood at 38%.
The Royal Bank of Scotland, among the largest banks in the nation, was taken into public ownership following the financial crisis of 2008. Taxpayer funds provided to the bank reached 45.5 billion pounds ($61.2 billion at current exchange rates) for 81% of its equity.
The authority left NatWest with a deficit of 10.5 billion pounds, according to the FT.
source: ft.com
The Royal Bank of Scotland, among the largest banks in the nation, was taken into public ownership following the financial crisis of 2008. Taxpayer funds provided to the bank reached 45.5 billion pounds ($61.2 billion at current exchange rates) for 81% of its equity.
The authority left NatWest with a deficit of 10.5 billion pounds, according to the FT.
source: ft.com
