Royal Bank of Scotland may need government assistance
By Poppy Trowbridge and Ben Livesey, Tuesday October 07 2008
http://www.independent.ie/business/euro ... 92153.html

Royal Bank of Scotland Group Plc fell the most in at least 20 years on speculation it will be the next U.K. bank to need government assistance.
RBS, Britain's second-biggest bank, dropped as much as 39 percent and traded down 38.1 pence at 110 pence as of 12:30 p.m. The decline extended yesterday's 23 percent fall and reduced RBS's market value to 18.2 billion pounds (€23.4 billion).
''The market is implying that RBS will be the next to go,'' said Mamoun Tazi, a London-based analyst at MF Global Securities, who has a ''buy'' rating on the stock. ''There is a loss of confidence by investors.''
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