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RBS raises settlement offer to last claimants over 2008 cash call
March 28, 2017 / 10:07 AM / 9 months ago

RBS raises settlement offer to last claimants over 2008 cash call

LONDON, March 28 (Reuters) - Royal Bank of Scotland has nudged up an offer to the final group of claimants seeking damages over an emergency cash call in 2008, a source familiar with the situation said on Tuesday.

The Edinburgh-based bank, which is more than 70 percent owned by taxpayers, has offered an additional 2 pence per share to 43.5 pence a share to a group of claimants, which includes former and current RBS employees and institutional investors.

The person said the increase would amount to under 10 million pounds.

A spokesman for the claimants was not immediately available. (Reporting By Andrew MacAskill. Editing by Kirstin Ridley)

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