The Age logo The Age 2 weeks ago

RBS clocks up $6b loss for bad debts

Royal Bank of Scotland Group Plc, Britain's biggest government-controlled bank, had a third- quarter loss after 3.3 billion pounds ($6 billion) of provisions for bad loans and credit-market writedowns. Full Article at The Age

Related Topics:

  1. European Central Bank
  2. Royal Bank of Scotland
  3. FTSE

Related Articles

  1. RBS reports sharp loss, expects slow recovery
    2 weeks ago

    Saturday, November 07, 2009 LONDON: Royal Bank of Scotland reported a net quarterly loss of 1.8 billion pounds on Friday and said it expected a slow recovery, despite massive state support. Full Article at The News

  2. RBS unveils sharp loss despite state bailout
    2 weeks ago

    AFP - Royal Bank of Scotland posted a net loss of 1.8 billion pounds on Friday and said it expected a slow recovery, despite massive state support aimed at reversing the lender's ailing fortunes. Full Article at France 24

  3. Bloomberg.com logo
    RBS Has Quarterly Loss on $5.5 Billion Bad Loans, Credit-Market Writedowns
    2 weeks ago

    The net loss was 1.8 billion pounds, compared with a profit of 871 million pounds in the year-earlier period, the Edinburgh- based bank said today in a statement. Full Article at Bloomberg.com

Related Quotes

  1. It really has been a game of two halves today with initial focus in the morning on the results from RBS and British Airways
    – David Jones (politician) SOURCE: Bloomberg.com 2 weeks ago
  2. RBS is still a recovering basket case, but it’s going in the right direction
    – John Smith SOURCE: Bloomberg.com 2 weeks ago
  3. Even though we probably won’t see the sort of stellar gains that shares made in the summer, traders still don’t seem quite ready to head for the exits and bailout
    – David Jones (politician) SOURCE: Bloomberg.com 2 weeks ago
  4. At the moment however, it seems that traders do not have the same conviction that they have displayed previously and rallies from here are proving to be unsustainable
    – David Jones (politician) SOURCE: Daily Breeze 2 weeks ago
View all Related Quotes »
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  1. EDINBURGH, SCOTLAND - NOVEMBER 21: Wycliff Palu of Australia is tackled during the Bank Of Scotland Corporate Autumn Tests match between Scotland and Australia at Murrayfield on November 21, 2009 in Edinburgh, Scotland.
  2. Australia's Quade Cooper, top right, leaps for a ball during the International Rugby Union test match against Scotland at Murrayfield Stadium, Edinburgh, Scotland. Saturday, Nov. 21, 2009.
  3. EDINBURGH, UNITED KINGDOM - NOVEMBER 20: Lachie Turner (C) of Australia in action with team mates during the Australian Team Training Session at Murryfield on November 20, 2009 in Edinburgh, United Kingdom.
  4. ELY, UNITED KINGDOM - NOVEMBER 19: (EMBARGOED FOR PUBLICATION IN UK NEWSPAPERS UNTIL 48 HOURS AFTER CREATE DATE AND TIME) Prince Philip, Duke of Edinburgh attends the 900th anniversary celebrations of the Diocese of Ely at Ely Cathedral on November 19, 2009 in Ely, England.
  5. CAMBRIDGE, UNITED KINGDOM - NOVEMBER 19: (EMBARGOED FOR PUBLICATION IN UK NEWSPAPERS UNTIL 48 HOURS AFTER CREATE DATE AND TIME) Prince Philip, Duke of Edinburgh, who is chancellor of the University of Cambridge and Queen Elizabeth II (not pictured) attend the 800th anniversary celebrations of the...
  6. LONDON, ENGLAND - NOVEMBER 18: Queen Elizabeth II, accompanied by Prince Philip, Duke of Edinburgh gives her speech in the Lords chamber during the annual State opening of Parliament ceremony Prince Philip, Duke of Edinburgh on November 18, 2009 in London, England.
  7. EDINBURGH, SCOTLAND - NOVEMBER 14: Andy Robinson (L back row), coach of Scotland, looks out from the stand during the Bank of Scotland Corporate Autumn Tests match against Fiji at Murrayfield Stadium on November 14, 2009 in Edinburgh, Scotland.
  8. LONDON, UNITED KINGDOM - NOVEMBER 11: Queen Elizabeth II and Prince Philip, Duke of Edinburgh during a memorial service to mark the passing of the World War I generation at Westminster Abbey on November 11, 2009 in London.
  9. LONDON, ENGLAND - NOVEMBER 08: Prince Philip, Duke of Edinburgh attends the Remembrance Sunday service at the Cenotaph on Whitehall on November 8, 2009 in London, England.

Cast of Characters

  1. British Airways British Airways
  2. FTSE
  3. Royal Bank of Scotland Royal Bank of Scotland
  4. European Central Bank
  5. Bank of Ireland
  6. David Jones (politician)