Tuesday, October 7, 2008

Rbs!

RBS, British Banks in Discussions on Government Funding Plan

The equity markets are saying RBS has the biggest problem but something needs to be done across the board,'' said Simon Maughan, a London-based analyst at MF Global Securities. ``Bond investor confidence in the banks is completely shot.''

Posted by mark @ 12:32 PM (539 views)
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2 thoughts on “Rbs!

  • japanese uncle says:

    Freddie the punk, oops sir freddie from elm street must refund all the exorbitant salary and bonus undeservedly received.

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  • from bloomberg – – “Bond investor confidence in the banks is completely shot.”

    Debt Repayments

    RBS, Barclays, Lloyds TSB and the U.K.’s three other biggest banks need to repay as much as 54 billion pounds of debt by the end of March 2009, just as borrowing costs reach record highs.

    The total, which includes bonds, convertible bonds and commercial paper, is triple the debt repaid in the same period a year earlier. RBS, the owner of NatWest, has about 11.5 billion pounds of obligations coming due in the next six months, while Barclays has 15.9 billion pounds maturing, according to data compiled by Bloomberg.

    “We have categorically not requested capital from the government,” Barclays spokesman Alistair Smith said. RBS said in a statement today it “did not make a request to government for capital.”

    BBC said otherwise “the banks are not just hoping for taxpayers money, they are expecting it!”

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