RBS sinks amid funding fears

RBS shed a third of its market value this morning, after reports that it's seeking fresh capital from the Government...
Banking stocks took yet another hammering this morning: the once-mighty RBS saw its share price tumble by an eye-watering 40% at one point, amid rumours that the UK’s leading banks have been badgering the Treasury to put its money where its mouth is and inject some capital into the sector. At 9 o’clock this morning RBS shares were changing hands for a miserable 90p – an 81% drop from its annual high of 469p. Although it did recover slightly in later trading, it’s increasingly clear that until something drastic happens, the chances of a banking recovery are non-existent…

Another one close to the edge...

doomed we are all doomed

how long before some of the big banks go under.so much for guernsey relying on the finance industry.all our eggs are in one basket but still states members refuse to set up a depositers protection scheme.lets set up another committee to look at .a bit like after the horse has bolted eh.

Its what they deserve CROOKS IN SUITS

Of course they are well regulated

GFSC LOL

i agree crooks in suits.its the working people of this island i feel sorry for .may have taken them years to save a few pounds to find it can disappear overnight.this all boils down to greed within the banking system.

And a failed regulatory system :)