Citizens Financial parent RBS posts first loss in 40 years
PROVIDENCE – Citizens Financial Group Inc. today posted a $726 million operating profit for the first half of 2008, a decline of $515 million, or 41.50 percent, from the year-ago period’s $1.24 billion. But its parent, Royal Bank of Scotland plc, posted a first-half loss of 5.9 billion pounds ($11.4 billion). RBS CEO Fred Goodwin, left, called the results “unsatisfactory.”
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