RBS Falls on $68 Billion Ireland Loans, Analyst Says
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Royal Bank of Scotland Group Plc, Britain’s biggest government-owned lender, dropped in London trading because of investor concern about 42.2 billion pounds ($68 billion) of loans to Ireland, according to MFGlobal Securities Ltd. analyst Shailesh Raikundlia.
The stock lost 2.7 percent to 41.02 pence at the close in London, the lowest in four months. The bank was the sixth-worst performer in the 54-member Bloomberg 500 Banks Index.