RBS writes off massive 7.5bn in bad debts

Inside: Secured Loans UK Quotes

RBS writes off massive 7.5bn in bad debts
Royal Bank of Scotland turned a slender £15m profit in the first half of the year, after bad debts at the part-nationalised bank soared

Consumer confidence edges up
LONDON (Reuters) – Consumer confidence edged up in July, driven in part by expectations of higher house prices and an end to the economic downturn, the Nationwide Building Society said in its monthly survey on Wednesday.

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