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RBS losses: wrote down everything?

I,_Brian · 2009-01-19 21:10:44

We recently saw media reports that banks may not be writing down all of their CDO exposure, and this was attributed to the 25% fall in Barclays share price last Friday. Then RBS today announced - well before time - that it expected to write-down a massive £20 billion on top of losses of £8 billion. This had me wondering…

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nobby24 Posts: 398 Forumite

20 January 2009 at 8:39AM

Oh and how we were expected to bow in reverence before these wonderful institutions as the 'City' was the centre of the financial world. All the time they were giving themselves obscene bonuses for stoking up the biggest financial catastrophe ever and they can just walk away with their ill-gotten gains!

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RBS losses: wrote down everything?

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