RBS reports first-half loss
By Gavin Finch | China Daily | Updated: 2011-08-06 07:53
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A customer uses a Royal Bank of Scotland Group Plc automated teller machine outside a branch in London. The bank reported a loss in the first half of 2011. Simon Dawson / Bloomberg |
LONDON - Royal Bank of Scotland Group Plc (RBS), Britain's biggest government-controlled bank, swung into loss in the first half after writing down the value of its Greek debt and setting aside funds to compensate insurance customers.
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