European lenders hit by Greek sovereign-debt deal
China Daily | Updated: 2012-02-24 07:47
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The headquarters of Royal Bank of Scotland Group PLC in Edinburgh. The bank reported a net loss for 2011 of 2 billion pounds ($3.14 billion) after taking a Greek sovereign-debt impairment of 1.1 billion pounds. Mike Wilkinson / Bloomberg |
Commerzbank, Credit Agricole, RBS see writedowns of at least 74%
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