UK banking stocks rally

Banking stocks rallied higher today amid reports over UK government plans to offload its bank stakes.

Thu, 11 Jun, 2009 - 18:56

Banking stocks rallied higher today amid reports over UK government plans to offload its bank stakes.

Part-nationalised Royal Bank of Scotland was one of the leading risers – up 5% - as investors cheered speculation the government may look to recover some of the British taxpayer’s £70bn (€82bn) investment even before a marked improvement in their share prices.

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