The RBS credit team has advised clients to "sell everything" except high quality bonds as it warns of a "cataclysmic crisis" in 2016 akin to the global financial crisis of 2008.
The bank's credit chief, Andrew Roberts, said global debt ratios have reached record highs, and global and trade loans are contracting, a "nasty cocktail" for corporate balance sheets and equity earnings,...
'Following the letter, but not the spirit, of the rules'
Tech giant still stands out
Reduces chances of rate hike
Designed to park short-term cash