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Investor groups win RBS shareholder vote

Mar. 19, 2018 7:48 AM ETNatWest Group plc (NWG) StockNWGBy: Yoel Minkoff, 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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