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Grim numbers from Lloyds Royal Bank of Scotland posted a net loss of 1.16 billion euros in the first-half.
The weaker-than-expected results included sharply higher bad debts of 8.74 billion euros. The bank, which is now state-controlled after having to be rescued by the British government, also warned of more “poor” results to come as its recovery would take time.More about: Banking, United KingdomCopyright © 2012 euronews
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