Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a639290

RBS eyes dividend in 10-year plan to go private

by Dylan Lobo on Dec 03, 2012 at 08:00

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 here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Investing for income in a changing environment


With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop

More about this:

Look up the shares

  • Royal Bank of Scotland Group PLC
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet