TITLE

RBS withdraws from toxic asset scheme

AUTHOR(S)
Salih, Chris
PUB. DATE
October 2012
SOURCE
Fundweb;10/17/2012, p21
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the move of the Royal Bank of Scotland (RBS) in withdrawing the asset protection scheme (APS) of the British government. It states the scheme was designed to insure against losses from its riskiest assets. RBS chief executive Stephen Hester confirms the significant role of the scheme, especially when the bank implemented change to transform such into a stronger institution.
ACCESSION #
83201038

 

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