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The bank, which is one of the largest financial services providers in the world, has released plans to raise £19.7 billion of new capital as part of a massive state rescue plan, reports AFP.
During the first half of the financial year, RBS suffered a net loss of £802 million following the onset of the credit crunch.
The government is expected to inject around £5 billion into the bank which RBS hopes to buy back "as soon as it is prudent to do so".
Incoming RBS chief executive Stephen Hester told BBC Radio: "The scale of the market disruption, and the economic downturn that is happening as a consequence, means that credit losses are rising very sharply."
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