_Economy and Finance

Perella Buys €286M RBS Property Portfolio 03-24-2011 | Source: emii.com The Royal Bank of Scotland (RBS) has sold its Spanish real estate portfolio to special subsidiaries of financial investor, Perella Weinberg, The Wall Street Journal reports. The banking group has not disclosed the financial details of the cash transaction, but the package has a par value of €286 million.

US Economy - No Double Dip, No Deflation: RBS - CNBC Following a number of strong earnings reports that includes encouraging outlook, the economy is not "headed for either a double dip recession or a deflationary malaise," according to Royal Bank of Scotland. John Richards, the head of North American strategy at RBS, said "We expect GDP growth of at least 3 percent in the coming six quarters and a very slow pick up in inflation." ...