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RBS plans huge cost savings

The Royal Bank of Scotland has announced a plan to cut around 8 billion dollars in costs over the next four years as the state-controlled bank posted its second largest-ever full year loss of around 15 billion dollars. http://online.wsj.com/news/articles/SB10001424052702304255604579408310134727096?mod=WSJEurope_hpp_LEFTTopStories&mg=reno64-wsj

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