RBS posts second-biggest loss in UK banking history

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RBS posts second-biggest loss in UK banking history

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08-08-2008, 01:51 PM

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RBS posts second-biggest loss in UK banking history

Britain’s second-largest bank, RBS (RBS), has today posted a first-half pre-tax loss of £691 million - its first loss in 40 years and the second-biggest loss in UK banking history. Lloyds TSB holds the record for the first-biggest loss when it posted a £715 million loss in 1989, primarily due to difficulties in Latin America. RBS, which [...]

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