European Banks Get ‘False Deleveraging’

European Banks Get ‘False Deleveraging’

Chris Ratcliffe/Bloomberg

Royal Bank of Scotland Group Plc, which got a 45.5 billion-pound taxpayer bailout in 2008, said in July that NewYork-based Blackstone would find outside financing to buy part of a 1.4 billion-pound U.K. commercial-property loan portfolio codenamed “Project Isobel.”