trending Market Intelligence /marketintelligence/en/news-insights/trending/dHBE_C2lCCFkNArbqDskEg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: RBS looking to wind down £1B of loans held by local councils

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


Report: RBS looking to wind down £1B of loans held by local councils

Royal Bank of Scotland Group PLC is planning to wind down roughly £1 billion in bank loans held by British councils, following criticism from activists that large payments have resulted in the diversion of cash from council services, The Guardian reported.

The state-controlled banking group reportedly aims to complete the process by 2019-end, mainly through loan redemptions and by giving discounts on early repayments as additional incentive in some cases, according to the March 23 report.

The so-called lender option borrower option loans, or lobo loans, have been under criticism over the years, as it allows banks to hike interest rates at certain points over the course of their lifetimes. Critics have estimated that phasing out the loans could save taxpayers £16 billion over the next 40 years, the report added.

In 2017, local peer Barclays PLC converted the lobo loans to fixed-term loans, but it led to only a slight reduction in breakage costs and interest payments were not necessarily affected by the conversion. In January, Barclays was sued by seven local councils over the terms of approximately £573 million in lobo loans, The Guardian reported.