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	<title>Moneyizor &#187; RBS</title>
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	<description>Money - The Big Picture</description>
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		<title>Merrill Lynch crunches UK housing</title>
		<link>http://www.moneyizor.com/2008/07/08/merrill-lynch-crunches-uk-housing/</link>
		<comments>http://www.moneyizor.com/2008/07/08/merrill-lynch-crunches-uk-housing/#comments</comments>
		<pubDate>Tue, 08 Jul 2008 15:45:16 +0000</pubDate>
		<dc:creator>John Evans</dc:creator>
				<category><![CDATA[Credit Crunch]]></category>
		<category><![CDATA[Housing Market]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Recession]]></category>

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		<description><![CDATA[Mark Hake, an analyst at Merrill Lynch, says the British housing market could take 20 years to recover from its current downturn. Merrill, one of the City of London’s leading investment banks, said, in a note to clients, &#8221; &#8230; it looks significantly worse [than the 1990 downturn], with house prices falling faster and further [...]]]></description>
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		<title>Barclays next in line for subprime hit?</title>
		<link>http://www.moneyizor.com/2008/04/29/barclays-next-in-line-for-subprime-hit/</link>
		<comments>http://www.moneyizor.com/2008/04/29/barclays-next-in-line-for-subprime-hit/#comments</comments>
		<pubDate>Tue, 29 Apr 2008 10:14:51 +0000</pubDate>
		<dc:creator>John Evans</dc:creator>
				<category><![CDATA[Banks]]></category>
		<category><![CDATA[Barclays]]></category>
		<category><![CDATA[CDO]]></category>
		<category><![CDATA[Credit Crunch]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Subprime]]></category>
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		<description><![CDATA[Jonathan Pierce at Credit Suisse &#8212; itself in the wars over structured debt obligations &#8212; thinks that Barclays is facing a near £10 billion ($20bn) of losses if it follows Royal Bank of Scotland in adopting a conservative estimate of its mortgage assets. RBS declared £5.9 billion ($12bn) last week and has opted for a [...]]]></description>
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		<title>Royal Bank of Scotland to announce big losses</title>
		<link>http://www.moneyizor.com/2008/04/18/royal-bank-of-scotland-to-announce-big-losses/</link>
		<comments>http://www.moneyizor.com/2008/04/18/royal-bank-of-scotland-to-announce-big-losses/#comments</comments>
		<pubDate>Fri, 18 Apr 2008 08:31:28 +0000</pubDate>
		<dc:creator>John Evans</dc:creator>
				<category><![CDATA[Banks]]></category>
		<category><![CDATA[CDO]]></category>
		<category><![CDATA[Credit Crunch]]></category>
		<category><![CDATA[Financial Markets]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Scotland]]></category>
		<category><![CDATA[Subprime]]></category>

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		<description><![CDATA[Yet another huge loser in the American subprime mortage market is set to announce big writedowns next week. Royal Bank of Scotland (RBS), Britain&#8217;s second largest bank, is understood to be seeking to raise capital from its shareholders in a rights issue thought to amount to £10 billion ($20bn), which is probably the biggest rights [...]]]></description>
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