Royal Bank of Scotland Group PLC To Create New Internal Bad Bank To House Problem Loans-Reuters

Friday, 1 Nov 2013 03:16am EDT 

Reuters reported that Royal Bank of Scotland Group PLC said on it would create an internal bad bank to manage the run-down of its riskiest assets after the government stopped short of ordering a full break up. RBS said it would place GBP38 billion ($61.05 billion) worth of assets into a new Capital Resolution Division next year. 

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