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Actionable news in RBS: THE ROYAL BANK OF SCOTLAND GROUP PLC,

RBS Pledges Further Balance Sheet Action Following Stress Test Failure

Royal Bank of Scotland (RBS) pledged further action to strengthen its balance sheet Wednesday after it failed the latest Bank of England stress test.

The bailed-out lender said it will cut costs further than it has done before, sell more non-core loan portfolios in personal and commercial banking and begin reviewing undrawn credit facilities for both business and private customers. But it gave no further details on the content or timing of disposals.

The...


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