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RBS inches closer to privatisation; posts £5bn loss

Last Updated: Friday, March 1, 2013, 12:17

Royal Bank of Scotland may opt for a partial privatisation after it posted an annual loss of more than £5 billion after the bank faced series of scandals.

RBS starts shutting down branches, to retrench staff

Last Updated: Sunday, February 24, 2013, 13:48

British banking major RBS will be laying-off some of its 1,000 employees as it winds down retail and commercial business in the country.