Institutions to get first bite in RBS share sale

Jim O'Neill, the Chief Executive of the UKFI, which manages the Government's investments in the Royal Bank of Scotland and Lloyds Banking Group, has said that the most likely sales of RBS shares would be a market sale to institutions.

Jim O'Neill, the Chief Executive of the UKFI, which manages the Government's investments in the Royal Bank of Scotland and Lloyds Banking Group, has said that the most likely sales of RBS shares would be a market sale to institutions.

The news emerged from UKFI's response to questions asked by the Treasury Select Committee on Tuesday, October 23rd.

CM

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