Friday, 8 May 2009

Bad debts at part-nationalised RBS 'could soar to £12billion'

Daily Mail
"Bad debts at part-nationalised Royal Bank of Scotland could soar to almost £12 billion this year, the bank said today.RBS, which is 70.3 per cent owned by the taxpayer, posted loans losses of £2.9 billion for the first quarter of 2009 but directors said full-year bad debts could be 'at least' four times as high."

No comments: