RBS to create bank for bad assets

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/FP
One of the largest U.K. banks, the Royal bank of Scotland, plans to create a new internal division to keep there all bad assets. Recently, the U.K. Chancellor of Exchequer George Osborne denied the separation of the RBS into two different banks. The new division will acquire 38 billion pounds of bad debts. Moreover, the bank is going to write off 4.5 billion pounds from profit in Q4.
Back to articles

Actual Topics

Fri, 01 Nov 2013 15:43:07 GMT

U.S. equities gain before manufacturing data

U.S. shares advanced on Friday after the benchmark index S&P 500 recorded its first two-day fall in a three-week period before a government data showed that manufacturing sector improved and amid speculation that Fed may curb stimulus sooner than expected. The S&P 500 Index surged 0.3% to 1,762.14 as of 9:51 a.m. New York tome and it has risen 0.1%

Fri, 01 Nov 2013 13:56:04 GMT

U.K. businesses find EU membership too costly

According to the YouGov latest poll of U.K. businesses, 46% of 1,024 respondents said that the cost of matching all European Union regulations is much higher than the amount of economic benefits the businesses get from the membership. Such a view is supported by the Conservative party, which promises to hold the EU in-and-out referendum in 2017, if it wins

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.