RBS, Fortis Ratings Cut by Moody’s
You kind of saw this one coming.Bloomberg News article here
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Browsing Tag
RBS
European banks: still undercapitalised
European banks are still in need of time or money to recapitalise their weak balance sheets. This has to be especially worrying for UK banks as they have raised a significant amount of capital and their housing market has yet to see the…
Mortgage meldown in Britain
The UK is in the throes of the worst of the mortgage meltdown. Financial shares are tumbling. Home builders face collapse. Many top names in British housing and banking have been caught out and are getting a deserved swift kick: Northern…
RBS couldn’t raise the money
RBS failed to get all the money it needed for its rights issue with 300 million shares still in the hands of its underwriters, reports the FT. These shares are to be sold today. This massive $24 billion (£ 12 billion) shows the limits of…