December 6, 2007

RBS warns of 1.25 billion-pound hit from credit woes (AFP)

A Royal Bank of Scotland branch in London, 2006. The Royal Bank of Scotland revealed it will write off 1.25 billion pounds from its exposure to the US subprime home loan crisis and the subsequent worldwide credit squeeze.(AFP/File/Andrew Stuart)AFP – The Royal Bank of Scotland revealed Thursday it will write off 1.25 billion pounds from its exposure to the US subprime home loan crisis and the subsequent worldwide credit squeeze.

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