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Breakingviews: RBS tackles toxic hurdle

Wednesday, October 17, 2012 - 03:34

Oct. 17 - RBS ditches its toxic asset insurance, but this is just one step in the many hurdles the bank faces in order to get out of state ownership say Breakingviews.

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RBS ditchers toxic asset insurance I went meets to discuss this story is our right is bring these nets -- Chris Hughes. It's a step in the right direction it's gonna save the -- hundred million pounds a year. But they've got a long long way to get to get out from statesmanship of them. Well look I mean you don't really want keep paying an insurance policy -- actually the risk that you'll. In stories. As has gone down enough food situation that's. Albeit as a that was it for this talks it after that insurance policy from the UK government. In the depth of the crisis right in the trough of the crisis back here in fourth quarter of 2009. Now let's not be under revision of the UK economy is the growth of the races -- If things are still pretty -- naught as. It's Wallace. It is but -- -- -- against Florida but really the -- it's saving money it but the question is sort of went it's contained. It won't want to walk next to the course is just one of several. Obstacles you have if you like cool proposals -- but they need to to put to one side. You have to getting out of this means that you go a bank that is a bit more a bit more mobile. Which means that it could then be the government to sell benefits to certain states democracy through with this important. But you don't yet. An inch tee which is really compelling for. Focused on what investors. To buy into an end in a big way -- the way we're putting is that the prospects for us for this. Since then it's going a bit easier it's Iraq it's. That is Floridians don't know particularly from now and it's clear that the government the government and management console on the same page in terms of mean trying to move forward -- -- though -- the government -- you won't -- is done within it within its current within the within within the parliament say. Which was before the next question for fifteen that's probably aids. He's still a question most favorable. All BS Brady is gonna look like in over the medium to long time for thoughtful and investment banking. And in its international businesses in the US knew what. I think it offend you have -- the exposure through at Citizens Bank. If they have investment bank has been strong down with counsel to fit the fifth of fixed income saw the car out of advisory. Is it really make out who returns and I mean should they stay in us they fix that. That there's some big. Strategic questions for the can present to the market. In a -- by with a clear struck between -- -- -- right. I think -- -- -- -- least another year a year and a half with and really thought it. But in that perspective together and saying well this is what we all this is what the strategy is. That either we're an investment banking -- -- and it's and it's this limited focused on fixed income who actually you know walk. We gonna get out of that too is going to be appear refilled by whether they gonna be appear reach over focus on the UK with the Philbin and -- -- -- -- to -- -- convenience. You know it's gonna be a conventional thing we -- all those questions -- Congressman pence the map math side for now thanks to Chris Hughes. For more agenda setting inside do what -- US show every day 1230 east and seventeenth and EST. -- -- -- --

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Breakingviews: RBS tackles toxic hurdle

Wednesday, October 17, 2012 - 03:34