RBS To Sell Its Stake In Motor Insurer Direct Line

Now watching

Next video starts in : 7 Play

RBS To Sell Its Stake In Motor Insurer Direct Line

RBS To Sell Its Stake In Motor Insurer Direct Line
Replay video
Up next

AirAsia Plane Carrying 162 Lost; 3rd Malaysia Airline Shock

Unlock your personal NFL Now stream by signing in to NFL.com

RBS To Sell Its Stake In Motor Insurer Direct Line

by Wochit 0:47 mins

RBS To Sell Its Stake In Motor Insurer Direct Line

by Wochit 0:47 mins

The Royal Bank of Scotland said it intends to sell almost all of its remaining stake in Direct Line Insurance Group through a placement to institutional investors. The bank said it would offer 423.2 million shares, representing 28.2 percent of Britain's largest car insurer, and retain only 4.2 million shares to satisfy long-term incentive plan awards granted to Direct Line executives. RBS was ordered by European regulators to sell all of Direct Line by the end of 2014 as a penalty for its bailout in 2008 that left it 81 percent-owned by the British government.

Wochit

Must Watch

  1. 2:33

    7 Burger Hacks You Need In Your Life

  2. 4:12

    Shania Twain - Man! I Feel Like A Woman! (Live)

    4,862 views

  3. 2:17

    Paper Planes

  4. 1:05

    Victoria’s Secret’s Hot ‘Top Gun’ Volleyball Game

  5. 5:14

    The Funniest Tweets About 'The Dress'

Community

  1. 3:05

    Community 501 - Season 5: Super Seniors

  2. 2:30

    Community 401 - Season 4: Senior Year

  3. 3:05

    Community 301 - Season 3: Junior Year

  4. 2:56

    Community 201 - Season 2: Sophomore Year

  5. 3:02

    Community 101 - Season 1: Freshman Year

  6. 2:00

    Community Cast Announce the Season 6 Premiere Date