Not Us, Guv, Says Rbs in Wake of B&B Latest Woes ; Banking
Birmingham Post › June 03, 2008
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Summary
Royal Bank of Scotland yesterday rushed out a statement distancing itself from troubles at rival Bradford & Bingley in an attempt to stem stock market losses.
In an attempt to reassure investors, the bank pointed out UK buy- to-let mortgages, a major cause of Bradford & Bingley's suffering, represent only one per cent of its UK loan portfolio.See the full content of this document
Extract
Not Us, Guv, Says Rbs in Wake of B&B Latest Woes ; Banking
It said the announcement was "in response to enquiries received" and reaffirmed its trading guidance given on April 22.
RBS, which launched a pounds 12 billion rights i...See the full content of this document
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