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Rbs Could Be Split Into Two Banks...,,.a Bad One And A Worse One.

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Last I heard it was well on its way to recovery, what will the baleouts and all. Not so?

I'm staggered.

The good bank will be on its way to recovery.

Edited by rollover

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They want taxpayers to keep Ulster bank(noting that Ulster is the only bit of the UK to thus far have a 50% nominal crash),or failing that, to swap toxic british assets held by NAMA for toxic Irish assets held by Ulster bank.Beautiful.really dealing with the issues then.

It is a common mistake to assume that all of Ulster is in the UK, only 6 of the 9 counties in Ulster are in NI and the remaining 3 in the Republic.

The 3 in the republic have also had 50%+ nominal HPC though!

Ulster Bank has been the dominant local bank in the 3 Ulster counties in the Republic for over a century.

Edited by koala_bear

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I believe Osborne is determined to sell most of RBS and Lloyds before 2015, even at a significant loss. £13.8bn has already been written off as a permanent and irreversible loss which then leaves the remaining £55.1bn temporary intervention. The breakeven price is 61p for Lloyds and 410p for RBS. By breaking up RBS some kind of discounted sale to the public can be organised complete with the kind of fanfare that used to accompany public sector firesales of yore. Osborne will be able to rely the Tory yellow press to do the cheerleading while helping to disguise the fact that he's almost certainly throwing away taxpayer's money. Even if he manages to flog just half the crap that will mean 5-6% fewer planned gilt sales between now and 2017, and boy does he need the cash.

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They should wait until Scotland is independent and then let the Scots deal with the problem! :P

Break up the bank, keep the bad debts on either side of the border proportionally by exposure, and our end will be easily sorted with oil revenues...if Scotland votes to leave Westminster.

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  • 238 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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