Archive for January 19th, 2009

Today RBS lost 66.5% and went all the way down to 11.60p. At one point they even touched the 10p. After they reported earlier this morning that they are going to lose 28 billion pounds (All time record in Britain) the City lost all the confidence and sold out RBS.

The government has increased their stake in the bank to 70% and now it is just a mater of time before it will be full nationalised. I am really sad about it. I love the share and although I’ve made some heavy losses with them, I also made a lot of profit. So in total I think I earned more than I lost… It is one of the few share that I know inside out, but I didn’t expected them to go home.

Sad day for British banks.