Qatar govt may invest in Royal Bank of Scotland

DOHA — The Qatari government is considering an investment in Royal Bank of Scotland Group Plc, the U.K.'s second-largest bank, the Sunday Telegraph Business reported, citing unidentified people with knowledge of the matter.

By Bloomberg

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Published: Mon 25 Feb 2008, 9:22 AM

Last updated: Sun 5 Apr 2015, 12:23 PM

The Qatar Investment Authority may invest in RBS using a $15 billion cash fund it plans to spend on European and U.S. banks, the London-based newspaper said. The Qatari investment would probably be small, the newspaper said, adding RBS hasn't sought investments from sovereign wealth funds.

The bank reported 1.5 billion pounds ($3 billion) of writedowns from slumping credit markets in December and said earnings will exceed analysts' estimates this year.


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