bad bank

Report recommends debt shelter instead of bank break up for RBS

In a recommendatory report, Rothschild said it would be best to have the bank's bad debts placed in an internal bad bank instead of breaking up the bank.

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UK Asset Resolution sells Northern Rock loan portfolio for $615 million

UK Asset Resolution, dubbed as Britain's "bad bank" has agreed to sell the Northern Rock loan portfolio for US$615 million.

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