RBS Posts Wider H1 Net Loss

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Royal Bank of Scotland Group PLC
RBS
reported a wider first-half net loss. RBS posted a quarterly net loss of 1.99 billion British pounds ($3.08 billion), versus a year-ago net loss of £1.43 billion. Its revenue in the same period dropped to £11.26 billion from £15.3 billion. However, revenue for the second quarter declined to £6.09 billion, versus £8.24 billion, in the year-ago quarter. RBS shares closed at $6.35 yesterday.
Posted In: EarningsNewsloss
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