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Real Estate Briefing - Categorized | Finance, Mortgage more

RBS to give property owners time to sort out debts

Posted on 17 June 2009

From Reuters: Royal Bank of Scotland plans to give struggling customers time to resolve debt issues rather than foreclose on commercial property assets, its CEO, Stephen Hester, said at an industry conference on Tuesday.

“We, in our commercial interest as well as the national interest, are likely to behave responsibly and to play a long game in working with our customers to work through their debt management issues,” he told the British Property Federation’s annual conference……..Full Article: Source


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