Concerns over RBS rights issue appear to be unfounded

06/5/2008 | Wall Street Journal, The

Investors and other market participants worried in recent days that the Royal Bank of Scotland Group's rights issue may have been the only one ever to fail. Not only would that have been devastating for RBS and its CEO Fred Goodwin, it would have spread fear amongst investors that the stream of fresh cash had dried up. Investors, however, have been pouring into RBS's stock over the past couple of days, making its £12 billion rights issue likely to succeed.

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