Brown says doesn't want to keep RBS stake for long

Thu Dec 4, 2008 1:30pm GMT
 
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LONDON (Reuters) - The government does not want to hold its stake in Royal Bank of Scotland (RBS.L) for very long, Prime Minister Gordon Brown said on Thursday.

"We don't want to own this for very long because we came in to stop the bank from collapsing entirely," Brown told the BBC. "What we're not trying to do is to interfere with its commercial decisions."

Britain bought a 58 percent stake in the bank last week after investors shunned a rescue plan.

(Reporting by Peter Griffiths; editing by Adrian Croft)

 
A share trader is pictured behind a mock one dollar bill and a mock 500 Euro note symbolizing a consumer credit note, at the German stock exchange in Frankfurt, December 18, 2008. REUTERS/Kai Pfaffenbach
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