Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

RBS eyes dividend in 10-year plan to go private

RBS eyes dividend in 10-year plan to go private

The Royal Bank of Scotland expects it to take at least a decade to escape the state’s clutches.

According to the Times, the bank plans to resume its dividend in 2014 in a move which will indicate its return to health.

The newspaper said the bank intends to make further repairs to its balance sheet over the following 18 months, before placing its shares back on the market in four separate tranches worth more than £10 billion.

RBS has been under state control since 2008 when the Labour government stepped in and bought a £45.5 billion stake to prevent the bank from collapse at the height of the credit crisis.       

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Play CIO Tapes: do investors have it as good as it gets?

CIO Tapes: do investors have it as good as it gets?

Citywire gathered three of the UK's leading fund investment heads to discuss what they fear and what makes them cheer about the year ahead

Read More
Your Business: Cover Star Club

Profile: Rathbone's Newcastle boss on the road to £1bn

Profile: Rathbone's Newcastle boss on the road to £1bn

Starting from zero assets on day one, Rathbone's Newcastle team now looks after just over £400 million in clients money

Wealth Manager on Twitter