RBS to be taken over by British government

AP
RBS to be taken over by British government
Friday November 28, 12:51 pm ET
By Emily Flynn Vencat, AP Business Writer
Royal Bank of Scotland says British government will buy majority stake in bank


LONDON (AP) -- The British government will take over Royal Bank of Scotland Group PLC with a majority stake of almost 60 percent after the shareholders of the nation's second-largest bank shunned an emergency share issue.