Heavy losses across British banking sector

The UK government’s second bank bail-out failed to reassure investors today as potential record losses at Royal Bank of Scotland sparked heavy falls across the sector.

Heavy losses across British banking sector

The UK government’s second bank bail-out failed to reassure investors today as potential record losses at Royal Bank of Scotland sparked heavy falls across the sector.

RBS shares nose-dived 67% into the red after it revealed that bad debts and the write-down of its ABN Amro acquisition could leave it with losses of up to £28bn.

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