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UK Government should start cutting bank stakes – Rothschild banker
Reuters – Government should sell part of its stakes in state-backed lenders Lloyds and Royal Bank of Scotland at a loss to kickstart a disposal process that should see investors pay more at later offerings, a senior Rothschild banker told lawmakers. “It is a good strategy to start a disposal programme with the first tranche at the lowest price,” Adam Young, joint head of equity advisory at Rothschild, said on Tuesday. Read Article
Tags: banks, debt wealth, Europe, global elite
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