Royal Bank of scotland posts first loss in 40 years

Risk staff
01 Sep 2008

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Regulation

EDINBURGH - Royal Bank of Scotland (RBS) has reported a half-year overall group loss of £802 million ($1.05 million). The bank's loss, its first in 40 years, was caused by subprime-related writedowns of £5.9 billion.

The loss, posted for the second half of 2007, comes in stark contrast to group profits of £3.6 billion for the first six months of last year. Total income fell over the same period from £14.7 billion to £13.7 billion.

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You are currently on corporate access.