17th Nov 2016 08:32
LONDON (Alliance News) - Uncertainty over the potential size of Royal Bank of Scotland Group PLC's settlement with the US Justice Department is affecting its share price and delaying the UK government's sale of its stake in RBS, reported the BBC on Wednesday.
"The fine might be USD5 billion, it might be USD12 billion," James Leigh-Pemberton, chairman of UK Financial Investments which manages the government's stake in RBS, told MPs, according to the BBC.
Leigh-Pemberton told the Commons Treasury Committee that the range of possible outcomes meant investors could not work out how much RBS's shares should be worth, the BBC said.
By Adam Clark; [email protected]
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