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Tuesday 22 April 2008

Well he would say that, wouldn't he?

Asked if he was considering his position, Fred Goodwin said: "There are more important issues here."

So let's get this straight. RBS is a well run institution, which is why it has found iself short of capital. It is not in financial difficulties, which is why it is looking to sell all or part of its insurance business (as a financial measure not a strategic change).

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