DCSIMG

The Scotsman cartoon: RBS sell-off plans

The Scotsman cartoon 02/11/13

The Scotsman cartoon 02/11/13

RBS dodged a full break-up as it revealed plans for the rapid wind-down of £38 billion of toxic loans while slashing costs.

The 81 per cent taxpayer-owned lender avoided a threatened full split into a “good” and “bad” bank as a Government-commissioned report concluded that would do more harm than good.

Chancellor George Osborne admitted the bank, which plunged to £634 million third-quarter losses, is “unlikely” to be sold back to the private sector before the 2015 general election.

Illustration by Brian Adcock

MORE INFO

RBS: Blow for Cameron as sell-off put back

McEwan fudges jobs issue as RBS fails to impress

 

Comments

 
 

Back to the top of the page