LONDON, April 29 (Reuters) - Royal Bank of Scotland
chairman Howard Davies said on Wednesday the coronavirus
pandemic had "changed everything" and its impact on society and
the economy would likely be "stark and long-lasting".
In comments to investors at the bank's annual investor
meeting -- held virtually to comply with social distancing rules
-- Davies said the sharp fall in the bank's share price during
the crisis made it unlikely the government would sell further
stock in the state-backed bank soon.
Chief Executive Alison Rose said the bank was doing
everything possible to support its customers, many of whom were
facing -- and would continue to face -- extremely challenging
circumstances.
"Every person, family and business has been affected by the
current situation and the group has been doing all we can to
support our customers and the communities we serve and will
continue to do so long after this first phase of response has
ended," Rose said.
(Reporting by Iain Withers and Sinead Cruise, editing by
Kirstin Ridley)