Reuters first to pinpoint RBS 4 bln stg cashcall plan

Reuters was first to report on Sept 20 that Royal Bank of Scotland was in talks to sell up to 4 billion pounds of shares in an equity placing, another big story in the high profile UK banking sector. A Sunday newspaper report said RBS was considering a share sale but Reuters was first to pinpoint the size of the deal, quoting a source, a day ahead of Dow and Bloomberg. National newspapers also followed the next day with the same details of the likely sale, which was cited by analyst reports and sent RBS shares down over 5 percent, the day’s biggest FTSE 100 faller.