£36billion loss at RBS
ROYAL Bank of Scotland suffered the heaviest losses of any bank in the world last year.
RBS, now 70 per cent owned by the taxpayers, haemorrhaged £36billion in 2008, putting it top of a list compiled by The Banker magazine.
RBS, forced to shed 15,000 jobs since the global crash, lost even more than ailing US giant Citigroup.
News of the dubious honour comes in the same week RBS is spending £300,000 on corporate hospitality at Wimbledon and has agreed a pay packet of almost £10million for its new chief executive Stephen Hester.