Hourican proud of GBM despite fourth quarter loss
There was a time when the market volatility of late 2011 might have been a red rag to the RBS bull. But not anymore. According to John Hourican, CEO of the firm’s global banking and markets (GBM) division, running the risk of blow-ups is not an option.
"We were very cautious with the use of our balance sheet in the intensely volatile market conditions we saw in the third quarter in particular," Hourican told EuroWeek
after the bank announced its annual results on Thursday. "My message to our traders was protect our capital and that
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