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
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
High earners underestimate how much they need to retire comfortably
High net worth individuals grossly misjudge how much money they need for a comfortable retirement, new data shows, with many not saving enough.
-
Retired banker who gave wife £80m to avoid inheritance tax won’t face equal split in divorce
Family lawyers say the Supreme Court ruling will have significant impact on high net worth divorce cases