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.
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