Royal Bank of Scotland (RBS) Smashed On Funding Fears
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Royal Bank of Scotland (NYSE: RBS) fell as much as 39% in European trading on speculation the company will need government assistance.
A number of large U.K. banks met with Chancellor of the Exchequer Alistair Darling and Bank of England Governor Mervyn King late yesterday to discuss the credit situation and possible government plans to inject as much as 50 billion pounds.
A number of large U.K. banks met with Chancellor of the Exchequer Alistair Darling and Bank of England Governor Mervyn King late yesterday to discuss the credit situation and possible government plans to inject as much as 50 billion pounds.
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