All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group

RBS capitulates on project finance, levfin

Royal Bank of Scotland is to shut down its leveraged and project finance lending operations, two of the areas in which the bank had previously been a market leader. RBS’s business restructuring, details of which were revealed alongside the £24.1bn loss in the bank’s full year results today, confirmed widespread fears among project finance and leveraged specialists in Europe that these markets are in for further pain as former heavyweights — and big providers of underwriting commitments and capital — start to signal their complete withdrawal.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree