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Breakingviews: RBS asks investors to take long view, again

Thursday, February 27, 2014 - 03:08

Feb. 27 - The UK bank will slash 40 percent off its cost base and cut its investment bank. Welcome news for investors says Breakingviews, if they hadn’t already been in restructuring mode for five years.

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Let's get the breaking news take on these I've -- that shocking obvious numbers to which paid covers this bank and other banks for breaking news. I'm -- -- you general sense on the same point two billion loss for us and I'm going to what what Ross and Q and has planned. So world it was forty flags. They guess that in November than they would be taking a -- -- full five billion looks as. This year to succeed to deal with no cool stuff but it won't anymore and the cost of getting accident. There's also been of conduct related choking them but three billion of them which they also -- also said. This always of that lost isn't this is a surprise in itself Fastenal that's probably no 1 AMV the successes that -- -- so why why is it. But it's what's what is probably advises them prosecuted is that the -- exactly as commodity strategy. And the -- -- -- -- I think -- -- writes Jesse and he's -- human rights areas the problem is. That kind of it's a real jam tomorrow it situation -- -- Goodrich and throw BS I'm really could start for Quidel. Says so basically you're sitting there as an investor in this bank you hoping you might guess coming back next here especially UK economy comes back and his comeback as it is. But now you're looking to three years house. It is certain investment case for this back to one. Well before they actually came I would -- -- SG. That's -- ingenuity walls up in the end I think knives you can say. Actually as he -- -- indeed. He's really trying to cut Donald colts he's truly consummate opiates and today. You take take this banquet -- should be and you think that strategy is the right sections and nor nor aides yeah editor's note a couple of years though since he doesn't say when it looked like well it might be possible for them to be at the kind of JPMorgan's though. It's a national bank even that it had this armistice. They it's. It just hasn't work time Utley they can't keep beginning. And ultimately vehicle to kind of state and it combines the GU and G financial giving the benefit of the doubt well when you're rising about it when you're thinking about it. Some. I think we -- -- a pre Christmas and what they would do what is deserves that he deserves its quality prosecutor and said it's just a little while ago we got to regain customers' trust -- How -- -- to do that what they may need to say that that -- every every real results from now on. They have a kind of timetable for what it's fun to see they will need to say that -- the -- to. If they date and albeit it will bring these -- better about the bank today either needed yes that yes. -- for a secure and off to today we always give everything success Ted at at a it's a six out of ten girls maybe six. All right George sects are much indeed tour or try US show -- -- and 1730 GMT. -- -- of problems is process.

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Breakingviews: RBS asks investors to take long view, again

Thursday, February 27, 2014 - 03:08