RBS posts £3.6bn annual loss
Royal Bank of Scotland (RBS), which is 84% state-owned, has today posted a full-year loss of £3.6 billion.
RBS is the second major UK bank to report its 2009 results. Last week, Barclays announced record profits of more than £11 billion – a 92% rise on the previous year.
However, RBS’ loss is not as bad as [...]
