RBS set to unveil worst annual loss in UK corporate history

Part-nationalised Royal Bank of Scotland is set to unveil the biggest annual loss in UK corporate history after a catastrophic 2008.

RBS set to unveil worst annual loss in UK corporate history
Thu, 26 Feb, 2009 - 07:10

Part-nationalised Royal Bank of Scotland is set to unveil the biggest annual loss in UK corporate history after a catastrophic 2008.

Chief executive Stephen Hester is also likely to reveal details of plans to split the business in two and for large-scale sell-offs - as well as cost savings that could lead to the axing of tens of thousands of jobs.

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CourtsBusinessHeathrowPlace: UKPerson: Stephen HesterPerson: Stephen TimmsPerson: Fred GoodwinPerson: Mervyn KingOrganisation: RBSOrganisation: Royal Bank of ScotlandOrganisation: ABN AmroOrganisation: Formula OneOrganisation: WilliamsOrganisation: British TreasuryOrganisation: British GovernmentOrganisation: Bank of EnglandOrganisation: Commons Treasury Committee
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