Fri, Jul 25, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Finance more

RBS’ nagging property problem

Posted on 18 June 2009

From Forbes: While Royal Bank of Scotland’s former chief executive committed the sins, current CEO Stephen Hester is stuck holding the bag.

Since the start of this year, Fred Goodwin’s replacement has been fixing RBS’ balance sheet after his predecessor oversaw a lending glut, and he sounded a note of regret on Thursday: “We will never lend as much to real estate as we did,” he told the British Property Federation, and said loan losses from commercial property could be higher than expected………Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

July 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
28293031