U.K. Weighs Trimming $24 Billion RBS Stake After Earnings
U.K. Weighs Trimming $24 Billion RBS Stake After Earnings. (Bloomberg) -- The British government is considering a partial sell-down of its Royal Bank of Scotland Group Plc stake in the immediate aftermath of its annual results next week, people with knowledge of the matter said. The shares may have to be offered at a discount to reflect the uncertainty hanging over Brexit and a sale is ultimately dependent on market conditions, they said. During the financial crisis, the U.K. government injected 45.5 billion pounds into RBS, the biggest banking bailout in the world at the time.