RBS warning for future investors

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POTENTIAL investors in Royal Bank of Scotland’s US business Citizens Bank have been warned that there is still a risk the Edinburgh institution could be fully nationalised. The statement was contained in documents filed by RBS with the Securities and Exchange Commission (SEC) to launch the stock market listing of the bank, which it hopes to sell in stages by the end of 2016.The prospectus for Citizens stated: “The RBS Group may face the risk of full nationalisation or other resolution procedures under the Banking Act 2009, as amended by the UK Financial Services (Banking Reform) Act 2013, which could impact the RBS Group’s contractual arrangements with us or result in other material effects on us.”  Read more

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