The entire UK economy is in real crisis right now as the Royal Bank of Scotland announced a loss of  £28 billion which records as the biggest loss ever in the history of Britain. Today bank shares crashed and this is mainly due to the said RBS loss. RBS fell by 66 percent or 23.10p to 11.60p, its worst loss since two decades ago. RBS also owns NatWest. Lloyds Banking Group also suffered huge loss as it closed down 33.4p ... Read More

The stock market suffered huge losses today due to fears that the banks in the UK are still in crisis. In a very anxious and apprehensive afternoon’s trading, the FTSE 100 index closed at 4180.6, which is 218.5 points down. The outcome took away £ 55 billion from the tops shares’ value. As speculations that it is in dire need of funding to be able to keep it’s operations, Barclays emerged as one of the biggest casualties of the ... Read More