The Royal Bank of Scotland is bracing itself for a further writedown of at
least £5bn on the value of its assets.
RBS is expected to make an announcement to the City in a trading statement
this week, but the writedown could be as large as £7bn,
The
Times reported.
This morning, the bank said that it was
considering
selling shares at attractive prices to existing shareholders in a rights
issue, expected to raise £10bn.
The bank has already announced writedowns of about £1.7bn on the value of its
mortgage-backed debt packages, loans to private equity groups and other
securities.
Newly Qualified Accountant, London, £Competitive Walk, run, fly? At Ernst & Young we have a huge range of opportunities for ACA and ACCA qualified accountants. Now that you are qualified, you can decide what you ... more >
Role description Our client, a leading property investment company is looking to recruit a Group Financial Controller based in their prestigious central London offices. You will have a high degree of autonomy and the ability ... more >
Finance Manager, Oxford, £34,793 - £41,545 PA The Department of Physics, University of Oxford seeks to appoint a full-time Finance Manager to start as soon as possible. This is an exciting and challenging opportunity for ... more >
Finance Manager, Bristol or Exeter, Band 7 £28,316 - £37,326 subject to pay award pending Are you a pace setter? The purpose of the Specialised Commissioning Group (SCG) is to secure specialised services for the ... more >
More Jobs in Finance
RSS feeds