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Rory Cullinan appointed to run RBS’ £38bn internal bad bank

RBS has appointed Rory Cullinan, the bank’s non-core chief executive, to head the newly-created internal bad bank, RBS Capital Resolution (RCR).
By James Wallace
December 18, 2013 | 5:47 P.M.

The new division will include RBS Capital Resolution (RCR) which will be responsible for the accelerated rundown of £38bn of assets.

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