British Land surge hasn't helped UK banks' assets
Only £100bn to go…
The UK commercial property company's assets soared 13.5 pct in value last year. The rise has raised hopes that RBS and Lloyds will be able to sell down their 100 bln pounds of exposure. But the chasm in quality between the best stock and the banks' holdings will hold them back.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.