Royal Bank of Scotland (RBS) stock position after Nationalization

Shares in Royal Bank of Scotland (RBS) closed slightly up on Friday after it was unveiled that the UK government was forced to part-nationalize RBS after existing investors rejected the share offering and now the taxpayer owns 57.9 percent of the bank which owns NatWest.

Throughout the day’s trade, Royal Bank of Scotland led the biggest losers on London’s FTSE 100 Index after the news broke that the shareholders only brought 0.24 percent of the new shares that were offered. However by close RBS was up 0.3p to end the day at 55.3p.

The FTSE 100 Index surged ahead gaining 61.9 points to end at 4288. This follows a record breaking Monday when the FTSE 100 broke records by rising almost 10 percent in one day.

Wall Street investors seemed caution today after Thursdays thanksgiving celebration resulting in the markets being closed and the start of the holiday shopping season that started today with Black Friday deals with huge discounts in hundreds of stores including, Wal-Mart, Macy’s. Best Buys, Circuit City and many more.

Source: GoogleAP

• Dead Snow movie download