5 UK banks have more than £40 billion in undeclared losses
According to the Daily Telegraph, five of the UK’s biggest banks have yet to report more than £40 billion in losses. The banks and undeclared losses reported by shareholder advisory group Pirc are: Royal Bank of Scotland with £18 billion, HSBC with £10 billion, Barclays with £6.7 billion, Standard Chartered with £3.6 billion and Lloyds Group also with £3.6 billion.
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