Blade Watch

http://www.bloomberg.com/apps/news?pid=20601087&sid=a7MPhSn8.Q0Y&refer=home

April 20 (Bloomberg) — Royal Bank of Scotland Group Plc will announce writedowns of between 5 billion pounds ($10 billion) and 7 billion pounds this week as it prepares a share sale, the Sunday Times reported, without saying where it got the information.

The U.K.’s second-biggest lender, whose board meets today, also plans to announce a stock offering of between 10 billion and 12 billion pounds, and is looking to raise as much as 5 billion pounds by the end of this financial year through asset disposals, the newspaper said.

Led by Chief Executive Officer Fred Goodwin, Edinburgh- based Royal Bank is the most indebted of the biggest U.K. banks after paying about 72 billion euros with Banco Santander SA and Fortis for ABN Amro Holding NV, mostly in cash.

Some interesting news developments for RBS, I wonder if any of this is related to the acquisition of the ABN Amro business. We’ll have to see, that RBS continues to earn revenue and generate value for the shareholders is all that matters.

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