RBS shares fall as insiders claim one Indian technician was cause of meltdown

Royal Bank of Scotland was the biggest faller in the FTSE 100 yesterday as its computer meltdown played havoc with its share price as well as millions of customers. Shares slumped 9.1 per cent to 227.7p, meaning over £1.7billion was wiped off taxpayers’ 82 per cent stake in the bank since the problem started last Thursday. The stock recovered slightly, up 2.2p to 229.9p, in early trading today. The glitch has affected customers at RBS and its subsidiaries NatWest and Ulster Bank, with workers not receiving their wages and house purchases collapsing.