RBS set for record UK bank loss - papers 4 Aug

Questions will be raised about Barclays' credit market impairments when RBS's closest rival reports half-year numbers on Thursday. Barclays is expected to take another £500m of provisions, net of any gains on its own debt, on top of the £1bn already disclosed this year and £1.6bn taken last year. Citigroup analysts reckon the bank, which has just completed a £4.5bn capital raising, needs to write down the portfolio by another £9bn to be as conservative as RBS. DEFAULTS ON AMERICAN corporate junk bonds could more than quadruple in the next year as the declining economy in the United Sta...