Royal Bank of Scotland is set to announce a rights issue to raise as much as $20 billion next week, an industry source told Reuters ...
... It could also mark the end of an era for the bank’s well-respected chief executive, Fred Goodwin, whom analysts and shareholders say would face an uphill struggle to push through a hefty capital increase and remain in the job.While I think Goodwin might manage to stay in place, we may be in store for a new round of CEO and CFO changes as the credit crisis continues to take more bites out of earnings. Stay tuned.
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