Wednesday, June 22, 2011

RBS Employees Just Couldn’t Wait To Sell Shares

According to the Financial Times, senior staff at Royal Bank of Scotland sparked the biggest one-day sale of the bank’s shares since its government bail-out, as they disposed of £140m of stock issued as part of their bonuses. Of the 650m shares awarded to employees on Monday for their performance in 2009, more than half were immediately sold into the market….

http://dealbreaker.com/2011/06/rbs-employees-couldnt-wait-to-sell-shares/

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