RBS Chairman: Issues in Restructuring Talks Include Convertible Contingent Instrument -Financial Times

Date : 06/08/2012 @ 6:20PM
Source : Dow Jones News
Stock : Royal Bank of Scotland Grp. Plc New (The) Ads (RBS)
Quote : 6.63  0.12 (1.84%) @ 3:59PM

RBS Chairman: Issues in Restructuring Talks Include Convertible Contingent Instrument -Financial Times

Royal Bank of Scotland Grp. Plc New (The) Ads (NYSE:RBS)
Historical Stock Chart

5 Years : From Jul 2012 to Jul 2017

Click Here for more Royal Bank of Scotland Grp. Plc New (The) Ads Charts.

Royal Bank of Scotland Group PLC (RBS, RBS.LN) Chairman Sir Philip Hampton said the U.K.'s Financial Services Authority is unhappy with the bank's 8 billion pound government-backed contingent convertible instrument, the Financial Times reported Friday.

Hampton told the FT that a replacement for the instrument is likely to be government-backed, citing the "pretty lousy" market for issuing capital.

Another topic of the bank's restructuring talks with the FSA and the government is the government-underwritten Asset Protection Scheme, according to the FT. Hampton said the APS is eroding the bank's capital strength, the FT reported.

Full story at http://www.ft.com/intl/cms/s/0/88902b70-b175-11e1-9800-00144feabdc0.html#axzz1xEk01Mn6

Write to nymonitoring@dowjones.com

Latest RBS Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.