Financial Crisis

Bailed Out Bank Loses $723 million For the Second Quarter

The Royal Bank of Scotland, which is 82 percent owned by taxpayers, continues to hemorrhage.


LONDON (AP) — Royal Bank of Scotland on Friday reported a net loss of 466 million pounds ($723 million) for the second quarter as it set aside 310 million pounds to cover the costs of a computer crash and compensation for mis-selling products to customers.