RBS reports £2bn loss, fourth since bailout

by **getoutofdebtfree** » Thu Feb 23, 2012 9:52 am

The Royal Bank of Scotland has reported its fourth year of losses since the bank's bailout in 2008.

The bank posted an attributable loss of £2bn in 2011, up from a loss of £1.1bn in 2010.

Last month RBS chief executive, Stephen Hester, turned down his bonus, worth nearly £1m, after much political pressure.

RBS is 82% owned by the state after its £45.5bn bailout in 2008 at the height of the financial crisis.