The Royal Bank of Scotland, Britain's second largest bank, said today it would ask shareholders for a cash boost, following reports that it is to announce fresh losses linked to the credit crunch.
RBS said in a brief statement that it would make an announcement at the right moment, but did not give details of the exact timing.
Media reported on Friday that the bank was set to ask for a massive cash boost after being hit by sub-prime linked losses and surging costs related to its takeover of the ABN Amro bank.
