RBS report blames bank management, industry regulators
China Daily | Updated: 2011-12-13 07:40
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The Royal Bank of Scotland Group PLC (RBS) headquarters in London. RBS required 45.5 billion pounds ($71 billion) in bailouts during the financial crisis from 2008 to 2009. Simon Dawson / Bloomberg |
LONDON - Royal Bank of Scotland Group PLC and UK regulators were heavily criticized by the Financial Services Authority's (FSA) long-awaited report into the near collapse of RBS in 2008 following its takeover of ABN Amro Holding NV.
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