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ft.com - 12/1/2008
FT.com / Companies / Financials - RBS promises mortgage respite
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The political and public campaign to force Britain’s banks to do more to help customers weather the economic downturn will gain impetus on Monday with a promise from Royal Bank of Scotland to give at least six months’ breathing space to homeowners who fall behind with mortgage payments. The ...

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FT Alphaville:  RBS promises mortgage respite

FiNTAG - Hedge Fund News, Views, Opinions and Gossip:  THE FINTAG NEWSLETTER @ 01 December 2008

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RBS promises mortgage respite
FT Alphaville — The public campaign to force UK banks to do more to help customers will gain impetus on Monday with a promise from Royal Bank of Scotland to give at least six months’ moratorium to homeowners who fall behind with mortgage payments - double the minimum recommended by industry guidelines. The pledge, which will put pressure on rival banks to make similar commitments, comes amid government moves that could see voluntary codes of practice for the banking industry placed on a statutory footing. The pledge by RBS, which also owns NatWest, comes days after the government took a 58% ...

THE FINTAG NEWSLETTER @ 01 December 2008
FiNTAG - Hedge Fund News, Views, Opinions and Gossip — ... Fintag says Oh dear. Growth forecasts are only 7% to 8% ...most Western countries would love to have this sort of growth. Mind you, I will be interested to see if China is anywhere near these numbers but as a communist country that makes up statistics we will never know. RBS PROMISES MORTGAGE RESPITE financial times ...

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