RBS sub-prime bill set to jump

RBS sub-prime bill set to jump U.K. stocks on Tuesday closed higher for the first time in four sessions, led north by a rise for Royal Dutch Shell PLC after the oil giant said it’ll scrap its scrip dividend and buy back $25.

The retail arm recorded a jump in. the clean-up bill comes from Ulster Bank’s bad property loans. Ministers lined up in support of the pay deals, as did UK Financial Investments which controls the.

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Royal Bank of Scotland Group footprints During the late 1970s and early 1980s the Royal Bank was the subject of three separate takeover approaches. In 1979, Lloyds Bank , which had previously built up a 16.4% stake in the Royal Bank, made a takeover approach for the remaining shares it did not own.

The Royal Bank of Scotland Group plc is a private, but partly state-owned, British banking and.. In 1997, RBS formed a joint venture to set up Tesco Bank. the purchase and sale of sub-prime securities under the supervision of Fred Goodwin.. (RBS) to acquire 100% of rbs factoring gmbh, RBS’s factoring and invoice.

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Just 18 months on, the very same bank has set another record. it became clear that many of the companies RBS had bought up, including several US-based firms, were horribly exposed to the subprime.

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