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banks sitting on £40bn of undeclared losses 
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Spends far too much time on here

Joined: Fri Apr 24, 2009 9:44 pm
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and you think things were about to get better ...

Quote:
Britain's banks are sitting on a £40bn black hole of undeclared losses that are preventing them from making vital loans to businesses and households.

Royal Bank of Scotland (RBS) was in the worst condition, PIRC found, with £18bn of undeclared losses that would wipe out more than a third of its capital buffer and potentially force the 82pc state-owned lender back to the taxpayer for another rescue.


http://www.telegraph.co.uk/finance/news ... osses.html

believe me its about to get much much worse
are you getting ready/prepared for the real world ...

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Wed Jun 06, 2012 12:45 pm
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