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Reuters Breakingviews: RBS still a tough sell

Friday, May 03, 2013 - 04:13

May 3 - State-backed bank RBS is back in profit for the first time in 18 months, but Breakingviews says it will still have a tough time making the case for a quick privatisation.

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We'll be SC is back in profit for the first time in eighteen months but of Britain's state bank. Landis still a long way from privatization. -- mes columnist George -- cheer. George and Lloyds shares off 14%. Below lose the tax -- Bryan Price RBS. 4041%. That would suggest that Lloyd's is again for a strike. Yeah absolutely I mean poker says pros Vito. Awaits him and result in an earlier this week bills that do mean. Did better than than all this mean. If you look at them but I fed had this similar Condit story. -- Safeco is very important medical. Says that cooperation in the UK for a couple of -- always will be -- -- thought it -- -- -- then how about those corporations are clearly still struck. Said he -- -- yes they are not partly because they've got a big investment bank of -- trying to restructure would send positive effects on this whole line. In dating them but yes I think in the in the -- fluids those look at all. Healthier amendment and that we would how -- home. I'll be a one for us together. That lending problem they have. In the as -- as public sector banks. Isn't going to go way. Once that privacy to -- again as well why is really the big the critical question him because he could from just about any other perspective -- -- it's a really good idea to get these guys I have been -- and -- it means politics is seen as possible. Unit look a couple of bonuses. I'm just a corporate governance that investors would like a lot more but it's critical issue is really just. To to -- this year the banks always say the problem with the related situation in Britain movement is that maybe that none of that small businesses. And wants authority and on the face of it that -- changed you've been there in the crisis it says. So news is radio so you albeit on Italy's economy explain why. -- -- changed hands at the moment is the obvious but still -- When do you think that what timetables you do you press anything -- and we're looking ahead. What when's it gonna happen. If I knew you lost the question can they showed that quick sale is is an economics. What's next. Will. The the top because RBS are looking in terms of -- in the process only looking at prospectus that -- so. In a bank coded values -- radiate cool -- next year. And that's a timetable committed. The the banks for me to know latest thoughts it's clearly being blades quite strongly by the fire and the -- -- 2015 election. You want to target some kind of set sail away before Clinton. So too it is looking more mobius they'll be some attempts as to. Before may 2050. Shouldn't be impressed of these numbers. The bill we have -- today and because there are corporation's social struggling doesn't hidden in these numbers CF well bikini posted to take away from today is that. -- these one off pesky utilities like PPO line and to various can be easily the obvious escalated government. They know kind of watching -- you can see that it's news that I'm quite markedly Keiwan. In order for it to be a good story progresses -- -- into you you have to have the corporation's cardinals and cynicism and as well and and an amendment overeating and because the economy is doing very well yet so it possible ones coming on. The United States I think it all right George thanks a lot of that to a site. From breaking views for more and sign what's our US -- -- everyday talk that he's sixty thing GMC. I'm -- throw the --

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Reuters Breakingviews: RBS still a tough sell

Friday, May 03, 2013 - 04:13