Royal Bank of Scotland reports steep six-month losses - Summary
London - Royal Bank of Scotland (RBS) Friday became the latest British bank to mark the first anniversary of the credit crunch with dismal figures, reporting a pre-tax loss of 691 million pounds (1.38 billion dollars) in the first six months of 2008....

[ Published on : Mon, 18 Aug 2008 08:34 ]

Britains Northern Rock feels pain of recovery - Summary
London - Britains nationalized mortgage lender Northern Rock unveiled massive half-yearly losses of 585 million pounds (1.17 billion dollars) Tuesday, prompting a government pledge to inject a further 3 billion pounds of taxpayers money into the ai...

[ Published on : Mon, 18 Aug 2008 08:34 ]