RBS bank to run down £38bn of high-risk assets
Arab Today
State-rescued Royal Bank of Scotland announced on Friday plans to create an internal 'bad bank' to run down £38 billion of high-risk assets to help it return to the private sector. RBS hopes to remove all of the toxic assets, equivalent to $61 billion or 45 billion euros, from its balance sheet over the next three years, the bank said in a statement as it announced also a third-quarter net loss of £828 million.
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