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RBS will have to adapt in these changing times



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Published Date: 09 August 2008
IT WAS once famously said that what was good for General Motors was good for America. In like vein, what is bad for RBS is undoubtedly bad for the British and Scottish economies.
From that perspective, the £691 million half-yearly loss posted by the bank yesterday, on top of writing down £5.9 billion of poorly-performing assets, is bad news. The one glimmer of hope is that it could have been much worse: City analysts were pre...



The full article contains 555 words and appears in The Scotsman newspaper.
Page 1 of 1

  • Last Updated: 08 August 2008 9:19 PM
  • Source: The Scotsman
  • Location: Edinburgh
  • Related Topics: Royal Bank of Scotland
 
1

Jampie,

Canada 09/08/2008 06:52:59
Sir Fred and RBS seemed determined to enter the worst scenario at the worst time in plunging into the Chicago area in their overpriced takeover of the worst parts of ABN Amro.
2

muppetfinder,

09/08/2008 10:09:07
Hootsman seems to be supporting RBS is this a case of someone having a lot of shares in it and talking it up. It was the same with an insurance company a few years go where someone had their pension

 

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