RBS posts loss on Greek bond charges

UK-headquartered bank takes £733m impairment on its Greek government bonds, pushing its losses further

Royal Bank of Scotland said on Friday it swung to a net loss in the first half after hefty charges for mis-sold payment protection insurance and a mark-down on its Greek bonds.

The bank's net loss was £1.43bn, compared with a £9m net profit in the first half of 2010.

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