Summary
THE taxpayer has moved out of the red on stakes in Royal Bank of Scotland and Lloyds Banking Group, after shares in the part- nationalised banks hit six-month highs.
The Government paid pounds 45.2bn for an 84% stake in RBS at an average cost of 49.9p a share, but the stock is hovering just below the 50p break-even mark after positive comments from banking analysts in recent days.See the full content of this document
Extract
Boost for Taxpayer As Bank Shares Hit Six-Month Highs
Shares in RBS have also been helpe...
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