RBS chief 'regrets' £691m loss

The UK's second largest bank was forced to write-down a further £5.9bn in the period, leading it to fall to its first loss in 40 years. While a far cry from the £5bn profit RBS posted in the first half of 2007, the loss was not as bad as the city feared, with some analysts predicting a £1.2bn H1 deficit. Sir Goodwin has been criticised heavily in recent times, after adding to the bank's credit market exposure following the purchase of Dutch giant ABN Amro last year. The RBS chief says the onus is now on the board to deliver satisfactory performance for the company and shareholders. “It ...