REPORT: RBS is doubling a settlement offer to shareholders who are suing it for its ill-fated 2008 rights issue
|05/22/2017||Posted by BusinessMediaguide.Com under General World News||
The Royal Bank of Scotland has reportedly doubled a settlement offer to thousands of shareholders that are suing the bank and former RBS executives after they invested in the bank before its 2008 rights issue and subsequently lost lots of money.
Sky News reported that RBS proposed an 82 pence-per-share settlement with investors during talks on Sunday. This is more than double that of a previous offer of 40p-per-share and the reportedly new proposed settlement figure comes just hours before the bank heads to High Court for a trial starting on Monday.
The report also said that out of the 27,000 read more >>>