NatWest’s Sovereign Debt Retreat Ends Decades of RBS Legacy - Bloomberg.com
NatWest’s Sovereign Debt Retreat Ends Decades of RBS Legacy - Bloomberg.com
Source: Bloomberg.com
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DW NOTE
NatWest is exiting sovereign debt trading — the part of RBS that once helped Greece hide its deficits with currency swaps before 2010, then needed a £45 billion state bailout when the whole edifice collapsed. If sovereign bond desks were about price discovery, they wouldn't need an exit strategy.