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Friday, November 6, 2009

Royal Bank of Scotland reports sharp loss


State-controlled Royal Bank of Scotland on Friday reported a net loss of 1.8 billion pounds (2.0 billion euros, 3.0 billion dollars) during the third quarter.

The announcement comes at the end of a week in which Britain’s government increased its stake in RBS to 84 percent in the wake of the financial crisis.

Posted by Smart Urban  

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