Rbs Bosses Survive As It Chalks Up [Pounds]691m Loss ; Banking

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SIR Tom McKillop, chairman, and Sir Fred Goodwin, chief executive of Royal Bank of Scotland, looked to have escaped with their corporate skins intact today as the bank reported the first loss in its 40 years on the stock market.

RBS lost [pounds]691 million in the first six months of the year after taking credit crunch writedowns of [pounds]5.9 billion. The loss was nowhere near as bad as the City had feared.

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Rbs Bosses Survive As It Chalks Up [Pounds]691m Loss ; Banking

Analysts had been forecasting losses of anything up to [pounds]1.7 billion and some still say the credit crunch provision...

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