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25 Feb 2008
The Royal Bank of Scotland is expected to take a £1bn write-down when it releases final results on Thursday and reveals its exposure to US sub-prime mortgages.
The Times reports that in December RBS wrote down £950m from sub-prime assets and a further £250m on its leveraged finance business ABN Amro, the bank it acquired last year, took its own US sub-prime hit of £300m.
Since those write downs credit markets have worsened and so far Alliance & Leicester, Barclays and Lloyds have all taken hits from sub-prime exposures.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
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AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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