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RBS to distribute shares

RBS directors will meet next month to distribute shares connected to its recent rights issue.

The bank revealed last week that it is to hold a meeting on May 14 to increase its authorised share capital, and to give its directors authority to allocate shares in connection with the rights issue.

At the same meeting, RBS will seek approval to issue new ordinary shares instead of the 2008 interim dividend.


Another week on the roller coaster

I’ve had a frustrating time with a deal collapsing at the last minute. This could become more commonplace so brokers may have to start charging customers upfront fees, says Sue Read

Do you think the Treasury plan is a wise use of government resources?

THE GOVERNMENTS bid to help the mortgage market with a 50bn plan to swap mortgage-backed securities for Treasury bonds dominated the media spotlight last week. Although it is expected to inject liquidity into the money markets, some MPs have blasted the scheme as bailing out the banking industry.So, this week Mortgage Strategy asksDagnija O’Connell, 46, […]

Sally Laker

It’s funny how we often use the words interesting or challenging when what we actually mean is downright difficult. Certainly there can be no doubt that we are going through a difficult period and it is not just one sector of the mortgage market that is under pressure. At such a time it is easy […]

piggy, cash, money

Reassuringly focused on claims

By Ross Jackson, senior protection marketing manager We’re sure you’ll have heard your customers say ‘But insurance companies don’t pay claims’ when giving a reason for not wanting to take out protection. In fact, our State of the Protection Nation research showed that 27 per cent of consumers asked didn’t think protection providers paid out […]


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