British banking group RBS posts huge losses for 2008 , totaling $ 34.7 billion . It was founded in Edinburgh , Scotland , in 1727 and branched out to England in 1874 . The bank is in the process of being nationalized by Britain and will be sold off to private investors ( a few months ago ). RBS was one of three major banks British Treasury pumped $ 63 billion into .
British banking group RBS posts huge losses for 2008 , totaling $ 34.7 billion . The bank is in the process of being nationalized by Britain and will be sold off to private investors ( a few months ago ). RBS was one of three major banks British Treasury pumped $ 63 billion into .