Provider: Zacks Investment Research Inc.
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Royal Bank of Scotland Group PLC To Create New Internal Bad Bank To House Problem Loans-Reuters
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.
Latest Developments for Royal Bank of Scotland Group PLC
- Royal Bank of Scotland Group PLC investigated in New York currency trading probe-Reuters
- Royal Bank of Scotland Group PLC announces $2 billion T2 Notes transaction
- Royal Bank of Scotland Group PLC ends 8 bln stg capital back-up with UK government-reuters
- Royal Bank of Scotland Group PLC reaches settlement with US authorities regarding OFAC compliance
Latest Key Developments in Banks
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