RBS announces biggest loss in UK corporate history
19th January 2009
THE Royal Bank of Scotland (RBS)announced £25bn in losses today - the biggest in UK corporate history - as the Government unveiled yet another lifeline to the struggling sector.
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This loss brings into focus the stupidity of the ABN Amro deal, for which Sir Fred Goodwin received a Pounds 4M bonus for simply pulling off. Might he now offer to repay it?
Robin Smith