Funding slashed

13 Jan 2012

RBS will slash its reliance on unsecured wholesale funding to around £75bn over the next three years as part of its restructuring, it revealed this week.

John Cummins, group treasurer at RBS, told a Fitch conference that the bank would not use the senior unsecured market for funding this year.

"The Bank of England and the FSB both want banks to have more capital and stable funding platforms and less pay. We are not going ...

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