RBS and ABN Amro expect subprime-related writedowns
06 Dec 2007, Ryan Davidson, Risk magazine
Its announcement came in a trading statement issued today. It also said ABN Amro, which RBS bought this year, expects writedowns of £300 million for the same period.
RBS and ABN Amro will release full-year results on February 28, 2008.
HSBC takes $4.4 billion in write-downs on weak US credit
$400 billion losses on subprime, predicts Deutsche Bank