The Royal Bank of Scotland (RBS) has predicted it will suffer writedowns of £950 million from exposures to US subprime mortgage markets over the second half of this year.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.
Sign up for Risk.net email alerts
UK, 25th - 26th Feb 2014
USA, 27th - 28th Feb 2014
UK, 5th - 6th Mar 2014
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.
Updating your subscription status
Risk iPad and iPhone Apps
Topics of interest