The Royal Bank of Scotland Group PLC said Monday that it is considering a rights issue, a possibility it had previously been unwilling to confirm.
In a terse announcement to the London Stock Exchange, RBS said it would make a further announcement "in due course."
RBS said on Friday that it planned to issue an interim management statement this week.
RBS, Britain's second-largest bank by market capitalization, stretched its cash reserves last year in leading a consortium including Belgian-Dutch group Fortis and Spain's Banco Santander in the takeover of Dutch giant ABN Amro Holding NV.
___
On the Net:
Royal Bank of Scotland Group: http://www.rbs.com
Terms & Conditions
RSS Headlines
Fool UK