State benefits for RBS
Jezri Mohideen, head of rates trading for Europe, the Middle East and Africa at RBS, talks to Alexander Campbell
Royal Bank of Scotland (RBS) was hit hard during the crisis, only avoiding failure after the UK government stepped in with a rescue package in October 2008. The bank is now almost completely owned by the government – 84% of total share capital is held by UK Financial Investments, an entity set up to manage the government’s shareholdings in financial institutions.
The intervention calmed fears about the imminent collapse of a UK bank, at a time when markets were reeling from the failure of Lehman
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