Agency reports say that Royal Bank of Scotland is reviewing its shipping loan business and billions of dollars from the portfolio are expected to be placed in the part-nationalised groupÂ’s new internal ‘bad bank.’
The groupÂ’s shipping exposure was now being examined as part of new Chief Executive Ross McEwanÂ’s strategic review, the results of which are due in February.
Leave a Reply
You must be logged in to post a comment.