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RBS Results: Taxpayer Backed Bank Announce £1.5bn Pre-Tax Losses

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Taxpayer-backed Royal Bank of Scotland announced a pre-tax loss of £1.5bn in the six months to June on Friday morning – compared to £794 million last year. RBS also unveiled a £125 million bill to cover the cost of its IT meltdown. Speaking on Friday morning RBS boss Stephen Hester…

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