Royal Bank of Scotland Closes 'Bad Bank' Over GBP50 Billion Loss -FT
November 30 2017 - 9:26AM
Dow Jones News
--Royal Bank of Scotland shut a unit Thursday after collecting
cumulative losses in excess of 50 billion pounds ($67 billion) from
it, the Financial Times reports.
--RBS used the so-called "bad bank" to handle toxic assets after
the financial crisis nine years ago, according to the Financial
Times.
Full story: http://on.ft.com/2AqqKE8
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(END) Dow Jones Newswires
November 30, 2017 09:11 ET (14:11 GMT)
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