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  • ocular_dee ocular_dee Sep 18, 2008 8:18 AM Flag

    foreign bank holdings drag DODFX

     

    Royal Bank of Scotland, a major holding in DODFX has tanked. Other foreign bank holdings will drag DODFX down a steeper slope than S$P

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    • joea87@ymail.com joea87 Apr 1, 2009 11:57 AM Flag

      Royal Bank of Scotland is at the center of protesters' anger because it had to be bailed out by the British government after a series of disastrous deals brought it to the brink of bankruptcy. The bank is now majority-owned by the British taxpayer.

      Despite that, its former chief executive Fred Goodwin — aged just 50 — managed to walk off with a tidy $1 million annual pension for life, while unemployment in Britain now tops 2 million and is heading towards 3 million by the end of this year. Goodwin has been vilified by the British press.

      RBS posted a British record loss of 24.1 billion pounds for 2008. The British government has invested 20 billion pounds in propping up the bank.

    • joea87@ymail.com joea87 Apr 1, 2009 11:48 AM Flag

      Royal Bank of Scotland is at the center of protesters' anger because it had to be bailed out by the British government after a series of disastrous deals brought it to the brink of bankruptcy. The bank is now majority-owned by the British taxpayer.

      Despite that, its former chief executive Fred Goodwin — aged just 50 — managed to walk off with a tidy $1 million annual pension for life, while unemployment in Britain now tops 2 million and is heading towards 3 million by the end of this year. Goodwin has been vilified by the British press.

      RBS posted a British record loss of 24.1 billion pounds for 2008. The British government has invested 20 billion pounds in propping up the bank.

    • Good thing is that the asset under management in DODFX is not dropping as fast as it used to, so whoever left as an investor base is relatively stable.

      http://www.fundmojo.com/mutualfund/fund_netasset_report/mutualfund/DODFX

    • I had a broker tell me that the Royal Bank of Scottland was one of the banks that will benefit from all of this. Their balance sheet is suppose to be pretty clean.

 
DODFX
42.71-0.05(-0.12%)Jan 23 6:25 PMEST

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