Royal Bank of Scotland Group PLC swung to a net loss in the first half after hefty charges for faulty payment-protection insurance and a mark-down on its Greek bonds,The Wall St Journal reports.
The bank said Friday its net loss was £1.43 billion ($2.33 billion), compared with a £9 million net profit in the first half of 2010.
The 83% state-owned bank said group revenue fell nearly 8% in the first half, as revenue fell in its Global ...
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