TITLE

Treasury works on RBS 'bad bank' plan

PUB. DATE
February 2009
SOURCE
EG: Estates Gazette;2/14/2009, Issue 906, p31
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that European governments were working on plans to shore up some of commercial property's largest and most important lenders. The British government is working on a plan to transfer Royal Bank of Scotland loans and financial instruments into a separate bad bank vehicle. The Irish government also stepped in to recapitalise Allied Irish Bank and Bank of Ireland, which have property and construction loan books of £47 billion and £38 billion, respectively.
ACCESSION #
36865336

 

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