There was a whole load of stuff going on in the banking world last week about Q3 bank results and, in particular, whether the Royal Bank of Scotland should split into a good bank and bad bank.
Like Northern Rock – or should that be Jekyll and Hyde? – the idea is to take the toxic assets on RBS’s books – all £38 billion of them! – and place them in a separately run business that can wind down those investments and/or realise some value for them.
Picture sourced from TheClubHouse1.net
A tough job, but someone has to do it as it is these investments that are dragging down the bank, many would say.