RBS Courts Sovereign Funds as Investors
Posted on 11/08/2008
The new CEO of Royal Bank of Scotland (RBS), Stephen Hester, is courting sovereign wealth funds to purchase shares in the troubled financial institution. Hester wants to avoid UK government capital at all costs. The courting stems from a need of a £20 billion capital-raising effort. Hester has several meetings planned with major investment funds. […]
