Monday, August 4, 2008

More ‘shock’ news

RBS Said Likely To Post The Biggest Loss In British Banking History

The Mail-on-Sunday reports that Royal Bank of Scotland (RBS) is to post its first-half profits Friday, and that analysts are predicting that the bank will likely post the biggest loss in British banking history - some $3bn, after writedowns of $9.8bn. Most of the writedowns are thought to be related to the US subprime lending crisis.

Posted by crutchley @ 02:48 PM (463 views)
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