Ł8 BILLION down the drain: RBS unveils record loss as Brown writes out Ł1trillion bl

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Ł8 BILLION down the drain: RBS unveils record loss as Brown writes out Ł1trillion bl

19th January 2009, 09:01:AM

British banks have taken a further step today towards full-scale nationalisation after Chancellor Alistair Darling staked hundreds of billions of pounds of taxpayers' money on a second bank bail-out.

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Tags: cheque, money, nationalisation, rbs

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Ł8 BILLION down the drain: RBS unveils record loss as Brown writes out Ł1trillion bl

Ł8 BILLION down the drain: RBS unveils record loss as Brown writes out Ł1trillion bl

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