Royal Bank Of Scotland’s Big Loss
Posted on January 19, 2009 at 19:04 PM EST
Monday, The Royal Bank of Scotland Group plc (RBS) announced in its fourth quarter trading update that it expects to post a full-year loss for 2008 of £7-8 billion pounds, before an extraordinary goodwill impairment charge of £15-20 billion. In addition, there will be an impairment charge of £17-19 billion related to ...