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RBS losses escalate in third quarter

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11-06-2009, 03:07 PM

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RBS losses escalate in third quarter

Royal Bank of Scotland (RBS) has today posted a £1.5 billion operating loss for the third quarter - down 60% compared with the second quarter.The bank, which is now 84% owned by the taxpayers after receiving an additional £33.5 billion in state funding this week, has written off a further £3.3 billion in bad debts [...]

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