The U.K. reportedly believes it can recover the cost of bailing out RBS (RBS) at a stock price...

|By:, SA News Editor

The U.K. reportedly believes it can recover the cost of bailing out RBS (RBS) at a stock price of 407 pence, 19% below the 502 pence that the government paid to rescue the bank. That's because Treasury's calculations take into account the fees that RBS paid for the bailout and other programs. Shares closed at 310.83 pence in London on Friday.