RBS plunges into red with third quarter loss

5th November 2010, Comments 0 comments

Britain's Royal Bank of Scotland, which had earlier returned to profit, plunged back into the red in the third quarter with a net loss of 1.146 billion pounds (1.3 billion euros), it said Friday.

This compared with a loss of 1.8 billion a year earlier at the bank, which is 80 percent owned by the British taxpayer, but followed a profit of 257 million in the previous quarter.

© 2010 AFP

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