This past Fourth of July involved a neighborhood party that moved from house to house, ending with everyone watching the town's fireworks while swimming in the lake.
An analyst at Lehman Brothers tells Forbes Global that RBS has the largest exposure to corporate risk in the U.K. and that everyone is carefully watching for signs of deterioration in the bank's credit quality, now that the previously strong U.K. economy worsens under the weight of rising taxes and a manufacturing meltdown.