The Bankwatch

Tracking the evolution of financial services

City braced for RBS results | $4 bn loss

RBS, the third largest bank in the world is expected to report a loss of nearly $4 bn today.

ITN – City braced for RBS results

The Royal Bank of Scotland is reportedly set to release the worst figures in UK banking history.

RBS, which owns NatWest, recently raised £12 billion from a rights
issue and is aiming to raise £950 million through the sale of its stake
in Tesco Personal Finance to the supermarket giant to shore up its
battered balance sheet.

Written by Colin Henderson

August 8, 2008 at 01:11

Posted in Profitability

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