RBS Swings To Loss

Royal Bank of Scotland Group PLC RBS swung to a net loss in the first half. RBS reported a net loss of GBP1.43 billion, versus a net profit of GBP9 million, in the first half of 2010. The group's revenue dropped around 8% in the first half. Its net interest margins in the retail bank also dropped to 1.97% in the second quarter from 2.03%. RBS shares gained 2.61% to $9.77 in after-hours trading.