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RBS - Royal Bank Of Scotland: Low Risk High Discounts
Royal Bank of Scotland Group Plc New ADS
The Royal Bank of Scotland (RBS) has had a tough decade to say the least. Following its near-bankruptcy in 2008 fueled by excessive mortgage backed security positions, the company has been awash in scandals and seemingly endless equity value declines. To make matters worse, the ongoing failure of the U.K. government to foster certainty regarding Brexit has further suppressed investor appetite in the entire British banking system.
The U.K. government currently owns around 62% of the company and plans to reduce that figure to zero by 2024 which may be putting even more