So just how bad are Coutts' losses as NatWest (parent company) shares dive to 10p

Royal bank Coutts & Co is a wholly-owned subsidiary of NatWest which itself is owned by RBS.


NatWest in crisis: shares dive to 10p

Jonathan Prynn and Paul Waugh
19.01.09
London Evening Standard


SHARES in banks collapsed today as Royal Bank of Scotland unveiled a £45 billion loss — the biggest in British commercial history.

RBS, which owns NatWest, was the biggest faller and by afternoon was down 69 per cent to 10.7p. Two years ago its shares were worth £6.

The other high street banks were also caught up in the turmoil with the Lloyds Banking Group down 26 per cent at 72.7p on its first day of trading since the completion of its takeover of HBOS.

HSBC shares fell 72p to 463.75p and Barclays was 8.8p lower at 89.2p, having started the day higher.

http://www.thisislondon.co.uk/standard/article-23622553-details/NatWest+in+crisis%3A+shares+dive+to+10p/article.do


Someone in Buckinghahm Palace taken a tumble in the Madoff Ponzi scam, maybe?