Investor groups win RBS shareholder vote

|By:, SA News Editor

Royal Bank of Scotland (NYSE:RBS) will allow a shareholder vote on whether to give retail investors more power over the British state-backed lender, ceding to a demand from shareholder groups that had fought for the move since 2016.

The vote will take place at the bank’s annual general meeting in May via a special resolution, meaning it will need 75% of votes cast to succeed rather than the standard 50%.

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