Breaking News, World News and Taiwan News.

RBS reaches accord with UK gov't to leave emergency insurance program

AP
October 18, 2012, 12:06 am TWN

SHARE CLOSE


Blogger		Google+


Live Journal		Plurk


Stumble Upon

LONDON -- Royal Bank of Scotland (RBS), which was rescued in Britain's biggest bank bailout, says it is getting out of an emergency insurance program which helped stabilize the company after it nearly collapsed.

RBS said Wednesday that it has agreed with the government that it will leave the Asset Protection Scheme, in which the bank paid 2.5 billion pounds (US$4 billion) to insure against losses on 282 billion pounds of bad loans and other risky assets.

Chief Executive Stephen Hester said the development was “a significant milestone” in the bank's recovery.

SHARE CLOSE


Blogger		Google+


Live Journal		Plurk


Stumble Upon

	PREVIOUS ARTICLE
	Sanofi, Coca-Cola to launch 'beauty drinks' line in France

NEXT ARTICLE
IBM's third-quarter earnings flat, revenue slides 5 percent

Sponsors
▪	Buy china wholesale products from reliable chinese wholesalers on DHgate.com!
▪	GlobalMarket.com is the largest China suppliers B2B directory can help you find quality made in China products, Promotional Products.
▪	Save 75% for all hotels in Shanghai, Beijing and whole China. Lowest rates for Flights in China.
▪	Myreviewsnow.net offer you the power of making informed purchases before you buy, with product reviews and online consumer myreviewsnow.net.
▪	Buy cheap eyeglasses online and save up to 80% over regular retail price when you buy prescription eyeglasses at cheapglasses123.com.
▪	The best place to buy custom tailored prom dress for your big day is at JennyJoseph.com
▪	Select hotel by map and save 75% in thousands hotels in Canton, Beijing and 500 cities in China.
▪	EyewearCanada.com offers prescription glasses from $5.95. 100% Satisfaction guaranteed.
▪	"JJshouse is the leading supplier of all kinds of dresses. You can buy your favorite prom dresses here."