The Government has raised £2.1bn by selling some of its stake in Royal Bank of Scotland, but has made a loss of around £1bn compared to the price it bought the shares for at the height of the financial crisis in 2008.
UK Financial Investments, the body that holds the Government's RBS stake, sold 630 million shares - a 5.4% stake in the bank, at 330p each. That compares to the 502p price per share paid by the Government when it bailed out the bank.
The Government has sold a 5.4% stake in Royal Bank of Scotland for £2.1bn, but the taxpayer has made a loss of around £1bn on the sale.
UK Financial Investments, the body that holds the government's RBS stake, said it had sold 630 million shares, representing 5.4% of the bank at 330p a share in a quick-fire sale to institutional investors after the market closed on Monday.
The price was far short of the 502p paid by the Government when it bailed out the bank at the height of the financial crisis.
RBS shares closed at 337.6p on Monday, so the shares were sold at a 2.3% discount.
The move has reduced the Government's stake in the group from 78.3% to around 72.9%.
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.