Monday, 13 December 2010

RBS takes bets on house prices rising - Investors Chronicle

RBS takes bets on house prices rising - Investors Chronicle

The Royal Bank of Scotland is preparing to launch residential derivatives products aimed at retail investors prepared to bet against the odds that house prices will rise.

Barely two years after the bank was rescued by the UK tax payer after exposure to sub-prime residential mortgage products caused its near destruction, offering a property derivative product seems to fly in the face of the current regulatory climate.

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