Your Money: Rbs in Card Crisis ; Fears Over Plastic Debt Repayments

Daily MirrorAugust 05, 2005

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Summary


T HE fallout from Britain's spending frenzy has forced Royal Bank of Scotland to raise its cover for bad credit-card debts by a THIRD.

The banking giant's provision against late repayments on plastic is pounds 70million higher at a whopping pounds 278m.

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Extract


Your Money: Rbs in Card Crisis ; Fears Over Plastic Debt Repayments

And an 18 per cent jump in the cash set aside by the group to cover defaults in per...

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