RBS To Put $61B Assets Into 'Bad Bank,' Spin Off Citizens

RBS To Put $61B Assets Into 'Bad Bank,' Spin Off Citizens

The Royal Bank of Scotland Group PLC, which is mostly owned by the British government after a 2008 bailout, said Friday it will sequester £38 billion ($61 billion) of its riskiest assets into an internal "bad bank" and sell its American ...read more

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