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Annual Losses Of RBS Shrink To £3.6bn (RBS)
Thursday, February 25, 2010 - 10:40amRoyal Bank of Scotland Group Plc. (ADR) (NYSE: RBS) reported lower-than-expected net loss of £3.6 billion for 2009, compared to the consensus estimate of £5.2 billion. RBS said its loan impairments appear to have now peaked as its losses shrank from £24.3 billion in 2008. The group’s investment...
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Bad Debt Charges Takes Toll On RBS(RBS)
Friday, November 6, 2009 - 9:44amAccording to a report from the Wall Street Journal, The Royal Bank of Scotland (NYSE: RBS) is still being hit by High Debt Charges reaching GBP 10.8 billion, up from GBP 2.76 a year earlier. For the last quarter, RBS has reported impairment losses amounting to $3.28 billion, which is up compared to...
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RBS Ordered By European Commission To Slow Down In Debt Capital Markets (RBS, SRE)
Tuesday, November 3, 2009 - 11:56amAccording to Wall Street Journal, the Royal Bank of Scotland (NYSE: RBS) , specifically their investment banking arm, suffered a major blow after it was forced to agree on regulatory provision on the debt capital markets by the European Union. RBS Group Chief Executive Stephen Hester states that, “...
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