After posting a half year loss of £794 million ($1.29 billion), Royal Bank of Scotland (RBS) has announced it will be cutting 2,000 jobs, the Daily Mail reports.
The bank, which is 84% owned by UK taxpayers, has already cut 27,500 jobs since the financial market collapsed in 2008.
Additionally, the bank has revealed a £733 million ($1.19 billion) write-down charge for Greece, reports Sky News.
Chief executive Stephen Hester hit out at European leaders, saying “Those governments with real economic issues need to deal with them. The eurozone needs to give confidence that its [member] governments will play their proper role in providing stability and liquidity to other governments.”
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