Britain's second largest bank posts largest six-month loss in British banking history

Britain's second largest bank, Royal Bank of Scotland, reported the largest six-month loss in British banking history. (802 million pounds or $1.5 billion after taxes.)

The Edinburgh-based bank was forced into the red largely by 5.9 billion pounds ($11.4 billion) worth of write-downs arising from its exposure to the international credit crisis.

[AP]