Berberis Posted June 15, 2015 Share Posted June 15, 2015 (edited) Erm, somewhere closer to what the tax payer paid for it? I'm aware a loss looks inevitable, but £13bn?? Why would it be worth as much as it was on the 13th October 2008 (657p) when it is now a much smaller bank that has identified all of its problems and has considerable bad debts on its books? A lot has happened since October 2008. In 2009 RBS sold its 4.26% stake in Bank of China. In 2009 RBS's work force was reduced by nearly 20,000 and has reduced by a total of 34,000 to date. In 2010 RBS sold its factoring business in Germany. In 2011 RBS's credit rating was downgraded. Its not the same Bank as it was in 2008, its share price is no longer inflated like so many other banks at the time and is a truer representation of the value of the bank now. Edited June 15, 2015 by Berberis Link to comment Share on other sites More sharing options...
El Cid Posted June 15, 2015 Share Posted June 15, 2015 A lot has happened since October 2008. I bought £2000 worth of shares in 2007, I guess it was bad timing, but at least good old Gordon Brown bailed them out. I wonder when I will be in profit? Link to comment Share on other sites More sharing options...
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