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Posted AT 6:54 AM EST on 08/08/08

Royal Bank of Scotland has first loss ever

STEVE SLATER AND CLARA FERREIRA-MARQUES

Reuters

LONDON — A £5.9-billion ($11.4-billion) writedown on risky assets sent Royal Bank of Scotland to a first-half loss of £691-million – better than feared, but still one of the biggest losses in British history.

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