RBS Proud Of Important Learning, Character Building Experience Reports Losing Shit-Ton Of Money

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The Royal Bank of Scotland reported losses of 761 million pounds today, due to a 5.9 billion pound writedown on risky assets. Chief executive officer Fred Goodwin described the bad news as "a chastening experience" that every bank should go through at least once. Soon to be laid off employees? Shareholders? What's your take on the sitch?
RBS suffers first-ever loss after $11 bln writedown [Reuters]

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