Tuesday, Oct 28, 2008
So that's why they wanted our money!
Business Scotsman: RBS silent on claims it faces a £10bn hit on toxic assets from ABN deal
WRITEDOWNS at the Royal Bank of Scotland are set to blast through the £10 billion barrier this year, analysts warned last night.
The new blow to the beleaguered bank comes as the international banking crisis continues to dissolve the value of its toxic assets.
Analysts yesterday estimated that the effect of this on RBS would be to force it to write down a further £6.8bn in assets and investments when it releases details of its latest effort to shore up its finances later this week.
That figure will be in addition to the £5.9bn writedowns announced in the first half.
Posted by malct @ 02:39 PM (235 views) Add Comment
1 Comment
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1. Fjcruiser said...
Has £1.4tril CDS as well.What will happen to those ?