RBSconfirms possible cash call

Royal Bank of Scotland (RBS) has confirmed that it is looking at ways to raise capital and has been sounding out investors about a possible cash call.
The bank is looking for ways to reduce the cost of its participation in the government’s Asset Protection Scheme and is considering a £3bn-£4bn share issue to avoid having to pay for the scheme in ‘B’ shares. “These considerations are tentative only and there are no firm plans to put to the Board or the shareholders of RBS at the current time,” the bank said.