Rbs Shares Fight Back From an Eight-Year Low ; Market Round-Up

Evening Standard - London › May 30, 2008

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Summary

ROYAL Bank of Scotland staged a deadcat bounce today as concerns about its [pounds]12 billion rights issue continued to sweep through the City.

The shares hit an eight- year low last night, falling perilously close to the 200p at which the bank's emergency fundraising has been pitched to the City, but ticked 6p higher to 237 3 4 p today.

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Rbs Shares Fight Back From an Eight-Year Low ; Market Round-Up

It offered some relief to chief executive Sir Fred Goodwin, although traders said there were still real concerns that underwriters Merrill Lynch, Goldman Sachs, and UBS wi...

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