Property News · August 5, 2016

RBS delays passing on Bank of England interest rate cut to borrowers


Bailed-out bank risks row with BoE governor as it blames £2bn first-half loss on legal challenges Royal Bank of Scotland is yet to decide whether to pass on the Bank of England’s cut in interest rates to its borrowers in a move that risks a row with its governor, Mark Carney.As the 73%-taxpayer owned bank slumped to a £2bn half-year loss, the bank admitted it was still reviewing the implications of the historic rate cut to 0.25% which is expected to impede its ability to generate profits as quickly as hoped. Continue reading…

Source : theguardian.com
Read more…RBS delays passing on Bank of England interest rate cut to borrowers

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