RBS leads banks rally

This came after the state-controlled lender suffered a 67% plunge in its share price when it revealed the largest loss in UK corporate history. The UK government has now lifted its shareholding in RBS to 70%. Overall, the FTSE 100 was up by 0.35% by 8.45am. It has also been a better morning for Barclays and Standard Chartered. The share price of Barclays rose by 5.57% while Standard Chartered was approaching a 4% advance. The positive news from the stock market follows a range of government measures, which include a scheme to insure banks against unexpected tens of billions of pounds ...