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: 日本精品视频一区二区三区 | 欲色综合| 男人天堂手机在线 | 国产第8页| 免费成人福利视频 | 免费中文字幕 | 欧美日韩色综合 | 97超碰超碰| 毛片毛片毛片毛片毛片 | 中文字幕亚洲天堂 | 日韩欧美精品久久 | 日韩国产一区 | 亚洲毛片一区 | 五月天激情国产综合婷婷婷 | 日韩高清黄色 | 哪里看毛片 | 久久精品国产99 | 欧美成人精品一区二区三区在线看 | 国产成人三级视频 | 国产精品视频久久久 | 久久精品爱| 天堂网av手机版 | 天天舔夜夜操 | 亚洲婷婷av | jizz国产精品| 免费成人结看片 | 性欧美又大又长又硬 | 东方伊人免费在线观看 | 69精品久久久久久 | 1级黄色大片 | 欧美三级在线播放 | 蜜桃毛片 | 理论片中文字幕 | 日韩视频免费 | 欧美午夜大片 | 国产精品一区二区三区在线播放 | 欧美一级片在线观看 | 免费成人深夜夜 | 国产亚洲在线观看 | 亚洲视频在线免费观看 | 欧美黄色精品 |