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Salmond gives RBS backing



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Published Date: 18 April 2008
FIRST Minister Alex Salmond today backed any move by Royal Bank of Scotland to raise additional funds through a rights issue.
The Edinburgh-based bank is being linked with creating additional shares in a desperate bid to raise at least £5 billion to beat the credit crunch.

It told shareholders this morning that it "notes" the speculation and will release an interim management statement next week.

And Mr Salmond, a former RBS economist, said: "The Royal Bank of Scotland is one of the most powerful and high-performing financial institutions in the world.

"If it determines on a rights issue, it should be seen as a prudent move to strengthen capital ratios at a time of global financial challenges."





The full article contains 123 words and appears in Edinburgh Evening News newspaper.
Page 1 of 1

  • Last Updated: 18 April 2008 12:31 PM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
  • Related Topics: Royal Bank of Scotland
 
1

Stepford Nat,

18/04/2008 14:27:18
Clearly they can do no wrong in Alex's eyes. As He Himself can do no wrong, I shall be queuing up to invest in RBS.

www.snp.org : we're brill!
2

Union is Best,

18/04/2008 17:25:15
2. Rubbish. And we unionists are getting sick and tired of Alex Salmond and his constant interventions and comments to boost Scottish companies and employment.
3

John Blackley,

Florida 18/04/2008 18:17:22
In one article RBS is trying to raise five billion, in another it's six billion and, in yet another, it's twelve! All of this in stories written around words like 'rumour' and 'expected' and phrases like "it is believed" and "insiders say".

This isn't journalism, it's speculation.
4

Robin Bankes,

Culross 18/04/2008 19:22:43
Wee Eck is quick enough out of his blocks to tell us just how 'prudent' his ex employer is yet is apparently silent on the 'prudence' that got the RBS into its current mess in the first place.
5

A Friend of Fernando Poo,

, Newington 18/04/2008 20:19:01
"If it determines on a rights issue, it should be seen as a prudent move to strengthen capital ratios at a time of global financial challenges."?

Allow me to translate:

They screwed up and lost a lot of money. They're now a bit short. Could someone please send some more
6

boudica,

Glasgow 18/04/2008 21:23:17
Maybe Wee Eck will give them that £1 mil the Ex RSB donated to the SNP Election coffers...funny how the other £5 mill were accounted for but that 1 wasnt ..mmmm...
7

boudica,

18/04/2008 21:23:46
Ex RSB Boss*
8

A laughing nationalist with a glib outlook,

19/04/2008 07:45:45
Haha, all you unionists thought it was none of Salmond's business, hehe, he can talk about anything he wants, hoho, only a third of bills through parliament in 12 months compared with other Scottish governments.

LOL

Haha, we get the headlines though, the union is dead.
9

James Kelly,

Bonnyrigg 19/04/2008 09:47:02
#2
"And we unionists are getting sick and tired of Alex Salmond and his constant interventions and comments to boost Scottish companies and employment."

Is that not what a Scottish First Mnister should do, whatever party he belongs to? Does unionism mean not wanting Scottish companies to do well or people to have job opportunities?
10

Publius,

London 19/04/2008 10:24:39
#2

RBS does not provide job opportunities. It destroys jobs. 18,000 went when RBS took over NatWest. Fred Goodwin boated about his 'mercy killings'. Since nearly all the redundancies were in England, I don't suppose Alex Salmond gave a damn.

The chief executive of RBS is a liar. Only seven weeks ago at the bank's annual resutls presentation he said that the bank's balance sheet did not need shoring up. In December he said that the bank was comfortably meeting capital targets.

The SNP leaders has some very nasty friends.

11

Highland Mighty,

19/04/2008 12:46:57
10. Well done for not spotting a nat posing as a unionist!

LOL

 

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