Tag Archive: , , ,

RBS unveils plan for £38bn internal bad bank

RBS unveils plan for £38bn internal bad bank

(Financial Times) — Royal Bank of Scotland on Friday announced plans to transfer £38bn of its riskiest loans into an internally managed bad bank, with the aspiration of running down the portfolio within the next three years. The part nationalised bank said the move — designed to clean up its balance sheet and position it on […]