Royal Bank of Scotland Closes 'Bad Bank' Over GBP50 Billion Loss -FT

Features Dow Jones Newswires

Royal Bank of Scotland shut a unit Thursday after collecting cumulative losses in excess of 50 billion pounds ($67 billion) from it, the Financial Times reports.

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--RBS used the so-called "bad bank" to handle toxic assets after the financial crisis nine years ago, according to the Financial Times.

Full story: http://on.ft.com/2AqqKE8

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(END) Dow Jones Newswires

November 30, 2017 09:11 ET (14:11 GMT)