Boss about to bring story of Britain’s bad bank to a successful conclusion

Britain’s Royal Bank of Scotland on Friday said it would create an "internal bad bank" to manage 38 billion pounds ($ 61 billion) of its riskiest assets, avoiding a split into two so-called.

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Less than ten years after Britain set up its "bad bank" to store some of the wreckage of the financial crisis, its boss is going to bring the story to a close – and will do so much earlier.

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A No 10 source added: ‘It is overwhelmingly in the national interest that we arrive at a successful conclusion. to Britain from Pakistan with £1 in his pocket. Javid proved himself in business,